Grab
Grab co-founder Tan Hooi Ling to step down from official positions by year-end
Grab Holdings Limited has on Thursday announced that Tan Hooi Ling has informed its board of directors of her intention to step down from her operating roles at Grab, including her directorship, by the end of 2023.
May 25, 2023
Grab says ‘on track’ to achieve breakeven by 4Q after losses narrow in 1Q
Grab, the Singapore-based super app, is on track to achieve breakeven by the fourth quarter after its losses narrowed in the first quarter. It has revised up its full year adjusted EBITDA guidance range by $80 million to $90 million.
May 19, 2023
News,FinTech,Transportation,Singapore
Grab launches new features for Southeast Asia travellers
Grab, Southeast Asia’s leading superapp, has on Monday announced new in-app travel innovations and partnerships to give travellers a safe, seamless and hyperlocal experience as Southeast Asia embraces a travel comeback.
April 17, 2023
News,SEA,eCommerce,Transportation,Singapore,FinTech
Grab retires $600M in 2026 debt with extra cash – report
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.
March 7, 2023
Jaya Grocer launches membership program integrated with Grab
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.
March 3, 2023
News,SEA,eCommerce,Transportation,Singapore,FinTech
Grab has liquidity to drive operations, says S&P Global Ratings
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.
February 28, 2023
Grab to breakeven earlier than expectation after recording narrowed losses
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…
February 24, 2023
Grab Indonesia inks partnership with SRCIS for digital services
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).
February 9, 2023
Grab appoints Adelene Foo as Managing Director of Grab Malaysia
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.
February 3, 2023
Grab appoints Philipp Kandal as Chief Product Officer
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.
January 31, 2023