| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
- |
| Employees |
3,000 |
| Revenues (TTM) (Millions $) |
3,370 |
| Net Income (TTM) (Millions $) |
200 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
Grab Holdings Ltd is a Singapore-based ride-hailing and food delivery company founded in 2012 by Anthony Tan and Tan Hooi Ling. It has become one of the most popular start-ups in Southeast Asia with its app-based services now offered in over 400 cities across eight countries.
The company was initially established as MyTeksi in Malaysia, but it quickly expanded into other countries in Southeast Asia, where it sought to challenge established ride-hailing platforms like Uber. In 2016, Grab acquired Uber's Southeast Asia operations, and the company has since grown to become the largest ride-hailing and delivery platform in the region.
Grab offers a range of services, including ride-hailing (car, motorbike and taxi), delivery, and e-payment (GrabPay). Its food delivery service, GrabFood, was launched in 2018 and has quickly become one of the most popular in Southeast Asia.
The company's success is driven by its focus on the needs of local communities. Grab has adapted its services to suit the unique demands of Southeast Asian markets, for example, by offering cashless payment options and partnering with local businesses to offer special deals to customers.
Grab has also become an increasingly important player in the region's fintech industry. Its digital wallet, GrabPay, has become a popular mobile payment option for Southeast Asian consumers, allowing them to pay for services beyond Grab's own platform.
In the early years of its operation, Grab received significant investment from companies such as SoftBank and Tencent, and in 2019, it secured a record $4.5 billion in funding from the likes of Toyota and Microsoft, valuing the company at $14 billion.
Today, Grab is one of the most well-known and influential companies in Southeast Asia, providing millions of people with access to safe and reliable ride-hailing and delivery services. Its rapid growth and reach have been transformative in many ways, connecting people, businesses and communities across the region.
Company Address: 3 Media Close, #01-03/06 Singapore 138498
Company Phone Number: 739-7864 Stock Exchange / Ticker: NASDAQ GRAB
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1.17% 
53.41 %