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Uber sold its Southeast Asian business to bigger regional rival Grab in March in exchange for a stake in the Singapore-based firm, following similar deals by the U.S. firm in China and Russia.
The arrangement would give Grab all of Uber's operations in the region (including UberEats) in return for a stake between 25 to 30 percent in the combined business.
Grab Holdings Inc. is a Singaporean multinational technology company headquartered in One-North, Singapore.It is the developer of a super-app for ride-hailing, food delivery, and digital payment services on mobile devices that operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand, and Vietnam.
Grab Holdings, the largest ride-hailing and food delivery firm in Southeast Asia, clinched a merger on Tuesday with special-purpose acquisition company Altimeter Growth Corp securing a valuation ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 18 February 2025. American ridesharing and delivery company For other uses, see Über and Uber (disambiguation). Uber Technologies, Inc. Headquarters in Mission Bay, San Francisco Formerly Ubercab (2009–2011) Company type Public Traded as NYSE: UBER DJTA component S&P 500 component Industry ...
In May 2018, Uber merged its operations with Grab to form Grab. [49] Later on, more taxi operators also came into the scene including the conversion of trial-based electric taxi operator HDT Taxis (Hold Dreams Together) to a full-scale taxi licence.
Grab: 14 March 2019 [637] December 2021 [638] SPAC merger 40 Singapore Anthony Tan, Tan Hooi Ling: Pinterest: 13.0 July 2018 [639] April 2019 [640] IPO 10.0 United States Ben Silbermann, Paul Sciarra, Evan Sharp Snowflake: 12.4 Feb 2020 [641] Dec 2020 [641] IPO 33 United States Benoit Dageville, Thierry Cruanes, Marcin Zukowski Robinhood: 11.7 ...
SINGAPORE (Reuters) -Grab Holdings, Southeast Asia's ride-hailing to delivery giant, is considering a secondary listing in its home market of Singapore after completing a Nasdaq listing via a $40 ...