‘Grab’ A Singapore- Based Technology Startup Offers Transport Services, Food Delivery & Payment Solutions
| < 1 minute read
- Industry: Transport
- Funding: $9.1B
- Investors: Hyundai Motors
Grab started as a ride-hailing platform to connect commuters with riders in Singapore. It has topped the list of the best startups to invest in 2019. After getting funds from multiple companies it has introduced new services like GrabTaxi, GrabCar, GrabHitch, GrabShare, GrabCoach, GrabShuttle, GrabShuttle Plus, GrabFamily, JustGrab, GrabNow, and GrabRental.
Unlike Uber and Lyft in the USA, the Grab mobile platform is available for city transportation for driver-partners and customers in South East Asia only. Grab operates in eight ASEAN countries — Singapore, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Cambodia, and Myanmar.
Grab’s advancement into multiple sectors comes as no surprise, following its shift into food and mobile payments in the past two years, as it pursues its ambitions of becoming Southeast Asia’s most dominant super app. Grab is not alone in the race to become Southeast Asia’s leading super app. GoJek, its most ferocious competitor, has expanded outside its Indonesia home market.
Suprotik Sinha is the Content Writer with Synkrama Technologies. He writes about technologies and startups in the global enterprise space. An animal lover, Suprotik, is a postgraduate from Symbiosis Institute of Mass Communication (SIMC) Pune. He carries 6+ years of experience in Content Writing, and he also worked in mainstream broadcast media, where he worked as a Journalist with Ibn7 ( now known as News18 India) and Zee Media in Mumbai.