Grab Holdings

Grab Holdings Inc.
Formerly
  • MyTeksi (2011–2013)
  • GrabTaxi (2013–2016)
Company typePublic
NasdaqGRAB (Class A)
ISINKYG4124C1096
Industry
FoundedJune 2012; 12 years ago (2012-06) (as MyTeksi) in Kuala Lumpur, Malaysia
Founders
Headquarters3 Media Cl, One-north, Singapore 138498[1]
Area served
Singapore, Malaysia, Cambodia, Indonesia, Myanmar, Philippines, Thailand, Vietnam
ProductsMobile app
RevenueUS$2.359 billion[2] (2023)
Number of employees
6,000 (2019)[3][4]
Subsidiaries
Websitewww.grab.com

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.

The company was founded as MyTeksi by Anthony Tan and Tan Hooi Ling in 2012 to make taxi rides safer in Malaysia. By 2016, it was rebranded as Grab with an expansion of partnerships in Southeast Asia that coincided with the development of products for couriers.

Grab is Southeast Asia's first decacorn[6][7] and the biggest technology startup in the region.[8] It became publicly traded on the NASDAQ in 2021, following the largest SPAC merger at the time.[9] In 2023, Fast Company listed Grab amongst the most innovative companies in the Asia-Pacific region.[10]

  1. ^ Ong, Janet (11 August 2022). "Grab officially opens Singapore HQ, launches US$1m scholarship programme". sg.finance.yahoo.com. Retrieved 12 August 2022.
  2. ^ Group Full Year 2023 Key Operational and Financial Highlights
  3. ^ Daryl Choo. "Grab to double its headcount in S'pore by end-2020 when new HQ opens". Today Online. Retrieved 9 June 2020.
  4. ^ "Grab to Double Singapore Staff to 3,000 in Latest Expansion". Bloomberg News. Retrieved 2 September 2019.
  5. ^ "Grab to acquire Malaysian supermarket chain Jaya Grocer". The Straits Times. 14 December 2021. Retrieved 6 January 2023.
  6. ^ Chia, Rachel Genevieve (20 November 2018). "Grab, SEA's first 'decacorn', has mopped up 25% of investments in the region's internet economy since 2015: Google-Temasek report". Business Insider Singapore. Archived from the original on 25 February 2019. Retrieved 25 February 2019.
  7. ^ Pham, Sherisse (6 March 2019). "Grab is valued at $14 billion after getting a big cash boost from SoftBank". CNN Business.
  8. ^ Daga, Anshuman (31 January 2021). "Grab upsizes debut term loan to $2 bln on strong investor demand". Reuters.
  9. ^ León, Riley de (13 April 2021). "SoftBank-backed Grab agrees to deal to go public in world's largest SPAC merger". CNBC.
  10. ^ Samar Marwan (2 March 2023). "The 10 most innovative Asia-Pacific companies of 2023". Fast Company.