Grab’s third-quarter results were a test of the Southeast Asian super app’s ability to trim incentives while keeping growth on track. Go to Source
Author: Tech In Asia Online News
Grab’s financial health in 9 charts
Southeast Asian super app Grab just announced its third quarter 2022 results. Below are nine charts – updated by quarter – that track the company’s performance. Go to Source
Grab revenue more than doubles YOY in Q3, deliveries hit EBITDA breakeven
The company’s total adjusted EBITDA loss for the quarter also improved to hit US$161 million, a 24% uptick compared to 2021. Go to Source
Are green pastures ahead for this Grab veteran?
Check out our top articles for the week. Go to Source
DBS Indonesia lends $6m to auto-financing firm via debt facility
Broom gives car dealers access to short-term loans, accepting their used-car inventory as collateral. Go to Source
Hangry on road to quell hunger demons
We analyze the 2021 financial results of cloud kitchen operator Hangry and look at Grab and StraitsX piloting “purpose-bound money” in Singapore. Go to Source
Grab, StraitsX to test ‘purpose-bound money’ at SG fintech festival
The test will involve 5,000 trial participants that will use the vouchers through their preferred blockchain e-wallet app. Go to Source
Grab to close cloud kitchen ops in Indonesia, lays off employees
GrabKitchen has experienced inconsistent growth during its four years of operation, a Grab spokesperson said. Go to Source
Zoomcar bags $10m in pre-IPO blank-check financing
The financing came from Ananda Small Business Trust, an affiliate of the blank-check firm. Go to Source
Car rental firm sues Yamaha for alleged data misuse to set up competing firm
Yamaha had initially intended to acquire Drivezy, Entrackr reported. Go to Source