Grab

The Singapore-based ride-hailing and delivery company completed the transaction last week, bringing its debt under an outstanding term loan to $517 million, down from the previous balance of $1.117 billion. Grab also has about $200 million in other bank debt.

Malaysian premium supermarket chain Jaya Grocer, has launched its first membership program, leveraging the Grab platform. The membership, which is accessible right on the Grab app, aims to enhance consumers’ overall shopping experience by allowing them to conveniently earn and redeem GrabRewards points at all Jaya Grocer outlets nationwide.

The stable rating outlook on Grab reflects S&P Global Ratings' view that the company will maintain sufficient liquidity to tide it through until it reaches positive EBITDA and cash flow by 2025.

Singapore-based superapp Grab sees the firm to breakeven earlier than expectation after it recorded narrowed losses in 2022. Grab expects its revenue to come in between $2.20 billion and $2.30 billion in 2023. It also forecast its loss before interest, taxes, depreciation, and amortization to be at between $275 million and $325 million in 2023, smaller than…

Continuing Grab’s long-term commitment in accelerating the digitalization for local micro, small and medium enterprises (MSMEs), Grab Indonesia inked a partnership with PT SRC Indonesia Sembilan (SRCIS).

Grab, a leading everyday superapp in Southeast Asia, has announced the appointment of Adelene Foo as Managing Director of Grab Malaysia, effective February 1, 2023. In her role, Foo will oversee the business strategy and operations of Grab’s businesses in Malaysia.

Grab Holdings Limited, the Southeast Asia’s leading superapp, has on Monday announced that it has promoted Philipp Kandal to Chief Product Officer, effective February 1, 2023. Kandal will oversee the product, design and analytics teams and lead the product vision and strategy for Grab.

Grab Company Ltd. (Grab Vietnam) and ZaloPay E-wallet have on Monday officially announced their collaboration to launch ZaloPay on the Grab app. Payment via ZaloPay is now available for almost all Grab app services, including transport, food and grocery, and parcel delivery.

Tan said the company has been cautious with how it has spent money over the past two years, streamlining some businesses, tapering down incentives as well as slowing down hiring. These measures had helped Grab get closer to its profitability goals

Singapore-based super app Grab announced Thursday that its revenue surged 143 percent year on year to $382 million in the third quarter ended September 30, driven by strong growth in mobility and deliveries revenue. The firm has achieved segment adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) breakeven for overall…