Grab

Southeast Asia's superapp Grab announced Thursday that it has achieved a profit of $20 million in the second quarter of FY2025 amid higher revenue.

Grab has partnered with payments provider Triple-A and digital asset exchange PDAX, to enable Grab users in the Philippines to top up their GrabPay wallets using cryptocurrencies.

Maybank Investment Bank has foreseen Grab's gross merchandise value (GMV) and loan-book growth to accelerate in the second quarter.

GXBank Berhad and Grab Malaysia have concluded their first joint startup accelerator program TeXnovasi which saw Finory.tech as the winner.

Grab, Southeast Asia’s leading superapp, in collaboration with Autonomous A2Z (A2Z), a Korean full-stack autonomous vehicle technology manufacturer, announced Tuesday their first autonomous electric shuttle bus pilot in Singapore.

S&P Global Ratings has affirmed Singapore-based mobility, delivery, and digital financial services provider Grab Holdings 'BB-' rating with stable outlook as it sees the firm can absorb $1.5 billion bond issuance.

With Grab’s announcement to raise $1.5 billion through a convertible note, its net cash position is expected to rise to $7.7 billion, Maybank Investment Bank said Tuesday.

Grab Holdings Limited announced Wednesday the pricing of an upsized offering of $1.5 billion aggregate principal amount of zero coupon convertible senior notes due 2030.

Grab said it will issue convertible bonds that mature in June 2030, partly to fund potential acquisitions.

Grab has held on-and-off talks with GoTo for years, according to earlier media reports. But a merger never materialized, partially due to antitrust concerns likely to arise from combining Southeast Asia’s two dominant ride-hailing and food-delivery groups.