Looking East: Grab’s Journey From Being A Unicorn To Becoming The Leading Mobility Platform In Southeast Asia
Over the years, the ride-sharing services have become very popular in urban transport, making the lives of people easier when it comes to commuting. And this is rise is clearly challenging the traditional taxicab services. The popularity is so high that there are predictions that ride-share will completely take over the transportation industry. It is?
- — companies like Uber and Grab are actively invading markets in Southeast Asia and fighting hard to gain a strong foothold in the region.
- Founded by Anthony Tan and Hooi Ling Tan, Grab was one of Southeast Asia’s only homegrown startup “unicorn” companies, with an estimated billion-dollar valuation.
- Uber’s Southeast Asian operations and became one of the prime ride-hailing services in the region.
- Last year in July, Grab unveiled its open platform strategy to build Southeast Asia’s First Everyday Super app.
- The untapped potential of Southeast Asia’s technology ecosystem has now been exposed to greater opportunities and this investment by SVF on Grab is sheer proof of it.