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The acquisition allows Grab to offer enhanced restaurant booking services, distinguishing it from peers like GoTo and Line Man Wongnai. Grab held $2.1 billion in cash and equivalents as of March 31.
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.
One company that Uber has a sizable investment in is called Grab Holdings based in Singapore. Grab is an app that offers products spanning delivery, mobility, and even financial services solutions ...
Grab, Uber's rival in Southeast Asia, acquires Uber’s Southeast Asia operations. As part of the acquisition, Uber will take a 27.5% stake in Grab. [57] April 12: International expansion: Uber launches in Buenos Aires, Argentina amidst claims of illegality and taxi protests. [58] May 7–9: Local retreat
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. Neither party has officially ...
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MANILA/KUALA LUMPUR (Reuters) - The Philippines and Malaysia said on Monday they will look into whether Uber Technologies' [UBER.UL] move to sell its Southeast Asian business to ride-hailing rival ...
On June 30, 2015 the company announced it had secured an investment of US$8M in a series C round co-led by F&H Fund Management, a fund chaired by Alibaba CTO John Wu, and NSI Ventures. [ 5 ] In April 2016, the company announced its acquisition of MakanLuar.com - an Indonesian restaurant reservations platform co-founded by Kunal Narang and Hiro ...