$GRAB Grab Holdings Limited Deep Dive and 2024 Outlook
The Malaysian Uber is now looking to expand beyond Ride Hailing.
Grab Holdings Inc., GRAB 0.00%↑ founded as MyTeksi in 2012 by Anthony Tan and Tan Hooi Ling, has evolved from a taxi-hailing service in Malaysia to Southeast Asia's leading super app. The company, rebranded as Grab in 2016, now offers a wide array of services including ride-hailing, food delivery, digital payments, and financial services across eight countries in the region.
Grab’s largest acquisition of the Malaysian supermarket chain Jaya Grocer in 2021 and public listing on NASDAQ in 2021, valued the company at $40B.
Despite facing competition, Grab has maintained its market leadership through strategic partnerships and technological innovation. It has been recognized for its impact, featuring on Fast Company's list of the most innovative companies in the Asia-Pacific region in 2023.
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