Grab

Singapore-headquartered super app Grab has unveiled a new lineup of innovations designed “For Every You” at the company's inaugural GrabX product showcase.

While there have been numerous media reports in the past weeks of a potential merger between Grab and GoTo, Maybank Investment Bank opined that acquisition of Gojek would be the most favorable scenario for Grab, leading to maximum synergies while preserving balance sheet strength.

Southeast Asia's superapp Grab has obtained the Land Transport Authority (LTA) license to operate taxis in Singapore.

GXBank and Grab Malaysia have recently announced the inaugural top eight fintech startups shortlisted to be part of the six-month long TeXnovasi Accelerator Program.

Grab, the Singapore-based superapp, has on Monday announced the signing of new memoranda of understanding (MoUs) with four prominent autonomous technology companies: Autonomous A2Z, Motional, WeRide and Zelos.

Maybank Investment Bank has trimmed Singapore-based superapp Grab's FY25 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) by 23 percent, which is still remains above the company’s guidance.

Singapore-based superapp Grab announced Thursday that its revenue for 2024 grew 19 percent year on year to $2.8 billion, exceeding its guidance of $2.76 billion to $2.78 billion.

Singapore-based superapp Grab’s on-demand services, including ride-hailing and delivery, facilitated a substantial economic contribution of MYR 9.9 billion ($2.23 billion) to the Malaysian economy in 2023, approximately 0.5 percent of the country’s gross domestic product (GDP), EconWorks revealed Monday.

Maybank Investment Bank said Thursday that the potential merger deal between Grab and Gojek could lead to annual synergies of $106 million to $209 million and as such would be positive.

The Indonesia-based company may seek a valuation of $1.5 billion to $2 billion in a potential listing.