Grab
AIZEN Global and Grab forge partnership in mobility finance
AIZEN Global, a South Korea-based artificial intelligence (AI)-powered financial services, has announced a strategic partnership agreement with Grab, Southeast Asia's leading super app. This dynamic collaboration is set to revolutionize the emerging realm of e-mobility finance, aligning with Grab's ambitious plans to introduce approximately 50,000 electric…
Grab delivers first adjusted profitable quarter as topline continues to grow
Southeast Asia superapp Grab said Thursday it has delivered the first adjusted earnings before interest, taxes, depreciation (EBITDA) profitable quarter as topline continues to grow. The group's adjusted EBITDA turned positive for the first time at $29 million for the third quarter, an improvement of $190 million compared to adjusted losses before interest,…
Singapore regulator raises competition concerns on Grab’s plan to acquire Trans-cab
The statement comes after the CCCS completed its Phase 1 review of the proposed acquisition by Grab through its wholly-owned subsidiary, Grab Rentals Pte Ltd of 100 percent stake in Trans-cab.
Antitrust approval could be biggest hurdle for Grab’s potential acquisition of Foodpanda’s business, analysts say
Momentum Works, a venture outfit, estimated Foodpanda's Southeast Asia GMV at $3.1 billion in 2022. According to the same report, Foodpanda ranked second by market share in Singapore, Malaysia and the Philippines, and third in Thailand in 2022.
Delivery Hero’s foodpanda’s business could be sold to Grab? – report
Delivery Hero plans to sell its activities under the foodpanda brand in Singapore, Cambodia, Laos, Malaysia, Myanmar, the Philippines and Thailand.
Grab, GoTo may face new rules as Singapore reviews ride industry – report
The Land Transport Authority said on Thursday it is looking to change the framework for the taxi and ride-hailing industries. It will focus on availability of supply, resilience and the inclusivity of services, while also looking at matters such as the adoption of clean-energy vehicles.
Singapore’s Grab adds Web3 services to its super app – report
Users can now set up a web3 wallet, win blockchain-based rewards, pay with NFTs and more.
Grab-led digibank GXBank becomes first to get Malaysia central bank’s approval to commence operations
GXBank has completed an operational readiness review and has been approved to commence operations effective Sept 1, 2023.
Grab reports lower losses in second quarter as revenue jumps
Singapore-based super app Grab Holdings Limited has reported lower losses in the second quarter amid higher revenue. The loss for the the group was $148 million in the quarter, a 74 percent improvement year on year, primarily due to the improvement in group adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) and a reduction in…
Grab could achieve adjusted EBITDA breakeven in 3Q following layoff exercise, say CGS-CIMB analysts
“Layoff exercise in June leads us to believe Grab can achieve adjusted EBITDA breakeven in 3Q23F (forecast), one quarter ahead of guidance,” CGS-CIMB analysts Ong Khang Chuen and Kenneth Tan wrote in a research note on Thursday.
