The quarter marked the Singapore tech giant’s first-ever profitable quarter on an adjusted EBITDA level. Go to Source
Author: Tech In Asia Online News
Grab president ‘Batman’ Maa to step down in April
The super app is not looking to replace Ming Maa, whose duties will be assumed by other executives. Go to Source
In 50 Words: Didi Global rebounds with $14.7m profit, plans $1b share buyback
This is the first quarterly profit the Chinese ride-hailing firm has recorded since 2021. Go to Source
Grab looks to grow profits with affordable products
Grab COO Alex Hungate pointed out that the company has been making its services more affordable without relying on higher incentives. Go to Source
Grab registers its first adjusted profit ever
Delivering a strong quarter, the company narrowed its loss by 71% and grew its revenue by 61% during the period. Go to Source
Grab’s financial health in 11 charts
These charts offer a snapshot of how Grab is performing. Go to Source
In 50 Words: Investors slash values of Ola, PharmEasy stakes
These markdowns reduced Ola’s valuation to around US$2.65 billion and PharmEasy’s to about US$550 million. Go to Source
In 50 Words: Gogoro partners with HPCL for Indian battery-swap ecosystem
Gogoro said it has conducted nearly 500 million battery swaps to date. Go to Source
Grab adds MoMo as payment option in Vietnam
This integrates the fintech firm’s services – including its e-wallet and BNPL offerings – with the Grab app in the country. Go to Source
In 50 Words: Southeast Asia’s young D2C brands grab 23% market share in 2022
Emerging D2C players in Southeast Asia earned US$52 billion in revenue last year, according to new report. Go to Source