Anthony Tan and partner Tan Hooi Ling started Grab in Malaysia with the launch of ‘MyTeksi’ ride-hailing app, later known as Grabtaxi in 2012. The app enabled riders to book taxis in Malaysia and provided an alternative solution to the public at a time when taxi companies were plagued with unethical practices to the extend of undermining customer service, safety and overall trust in taxi service providers.
After several years of perfecting the Grabtaxi app and usage levels, Grab moved its headquarters to Singapore in 2014 and opened a US$100 million Research & Development facility in the Central Business District of Singapore. The new facility housed hundreds of engineers and data scientists for development of new tools, expansion of app and service features.
Since then, Grab has expanded service portfolio in ride sharing, logistics and payment - ranging from GrabCar, GrabBike, GrabHitch, GrabExpress, Grabfamily, Grabchat, Grabpay and JustGrab by adopting a hyperlocal strategy to business, where product development is closely aligned to understanding and meeting local needs and nuances of the region.
Currently Grab is available in 39 cities in Southeast Asian countries such as Malaysia, Indonesia, Philippines, Vietnam, Thailand, Myanmar, and Cambodia. The recent acquisition of ‘Uber’ operations in Southeast Asia, further strengthen the company’s position as a predominant ride hailing company in the region.
In addition, Grab continues innovation in various areas to improve services and download of Grab mobile app. For instances in Singapore, Grab has partnered with HDT Holdings, to trial run 100 electric taxis - the biggest electric taxi fleet in Southeast Asia.
In a much recent development, Grab has partnered with Ping An Healthcare and Technology Company (Ping An Good Doctor - PAGD), a Chinese healthcare services platform to deliver transformative online healthcare services in Southeast Asia. The joint venture will increase adoption of GrabPay and offer a variety of integrated AI assisted medical services for consultations, medicine delivery and appointment bookings.
The success of this new joint venture however will depend on Grab’s ability to connect and seek partnerships with highly regulated stakeholders such as the governments, hospitals, doctors and the relevant authorities.
Grab’s investors include Toyota, Ping An Capital, and Vulcan Capital. Currently the company is raising series H (late stage venture) fund for US$ 1 billion led by Toyota.
Current Company Valuation : US$10 billion
Some recent links:
• https://www.marketing-interactive.com/grab-enters-online-healthcare-space-with-ping-an-healthcare-partnership/
• https://asia.nikkei.com/Spotlight/Sharing-Economy/Online-health-care-service-puts-Grab-and-Go-Jek-on-collision-course
After several years of perfecting the Grabtaxi app and usage levels, Grab moved its headquarters to Singapore in 2014 and opened a US$100 million Research & Development facility in the Central Business District of Singapore. The new facility housed hundreds of engineers and data scientists for development of new tools, expansion of app and service features.
Since then, Grab has expanded service portfolio in ride sharing, logistics and payment - ranging from GrabCar, GrabBike, GrabHitch, GrabExpress, Grabfamily, Grabchat, Grabpay and JustGrab by adopting a hyperlocal strategy to business, where product development is closely aligned to understanding and meeting local needs and nuances of the region.
Currently Grab is available in 39 cities in Southeast Asian countries such as Malaysia, Indonesia, Philippines, Vietnam, Thailand, Myanmar, and Cambodia. The recent acquisition of ‘Uber’ operations in Southeast Asia, further strengthen the company’s position as a predominant ride hailing company in the region.
In addition, Grab continues innovation in various areas to improve services and download of Grab mobile app. For instances in Singapore, Grab has partnered with HDT Holdings, to trial run 100 electric taxis - the biggest electric taxi fleet in Southeast Asia.
In a much recent development, Grab has partnered with Ping An Healthcare and Technology Company (Ping An Good Doctor - PAGD), a Chinese healthcare services platform to deliver transformative online healthcare services in Southeast Asia. The joint venture will increase adoption of GrabPay and offer a variety of integrated AI assisted medical services for consultations, medicine delivery and appointment bookings.
The success of this new joint venture however will depend on Grab’s ability to connect and seek partnerships with highly regulated stakeholders such as the governments, hospitals, doctors and the relevant authorities.
Grab’s investors include Toyota, Ping An Capital, and Vulcan Capital. Currently the company is raising series H (late stage venture) fund for US$ 1 billion led by Toyota.
Current Company Valuation : US$10 billion
Some recent links:
• https://www.marketing-interactive.com/grab-enters-online-healthcare-space-with-ping-an-healthcare-partnership/
• https://asia.nikkei.com/Spotlight/Sharing-Economy/Online-health-care-service-puts-Grab-and-Go-Jek-on-collision-course
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