Tag "Grab"

Uber-Grab merger under investigation on competition grounds

By : CIOL Writers

The Competition Commission of Singapore (CCS) is investigating the Uber-Grab merger deal and has proposed interim measures that will require Uber and Grab to maintain their pre-transaction independent pricing. The commission also directed Grab to not take confidential information from Uber

Another retreat for Uber as it sells Southeast Asian biz to Grab

By : CIOL Writers

Uber has agreed to sell its Southeast Asia business to Singapore-based regional rival Grab, marking another retreat for the US company from international operations. Under the agreement, Grab will acquire all of Uber’s operations in a region of 620 million people, including food

Uber could be looking to sell Southeast Asia unit to Grab

By : CIOL Writers

Uber is planning to sell its Southeast Asia ride-hailing business to Singapore-based Grab in return for a substantial stake in the company, CNBC reported, citing two sources familiar with the matter. The purported move mirrors an exit it pulled off in China,

Grab acquires Bangalore-based payments startup iKaaz

By : CIOL Writers

On-demand transportation and mobile payments platform in Southeast Asia, Grab has acquired Bangalore-based payments startup iKaaz. iKaaz’ mobile payments platform and its experienced leadership team is expected to accelerate feature development and partner integration of GrabPay, Grab’s payments platform. Launched

Hyundai invests in Uber’s Southeast Asian rival Grab

By : CIOL Writers

South Korea’s Hyundai Motors has invested in Southeast Asian ride-hailing firm Grab, as it seeks to expand in the world’s third-biggest ride-hailing market after China and the United States. Grab did not disclose the value of Hyundai’s investment. Hyundai joined other

GrabPay hires new CTO to support expansion plans in Southeast Asia

By : CIOL Writers

On-demand transportation and mobile payments platform, Grab has appointed Vikas Agrawal as Chief Technology Officer (CTO) for GrabPay, its mobile payments platform. Vikas joins Grab from Paytm where he was the Senior Vice President of Engineering. Vikas was a founding member

Uber’s Southeast Asian rival Grab reaches 1bn rides milestone

By : CIOL Writers

Uber’s arch-rival in Southeast Asia, Grab recently completed one billion rides in the region since its launch five years ago. Grab said that it hit the milestone on October 26 when 66 concurrent trips from across all seven countries that it operates in

Grab hires former Google employee Theo Vassilakis as CTO

By : CIOL Writers

Uber’s biggest rival in Southeast Asia- Grab Technologies has finally found its Chief Technology Officer (CTO). The company introduced Theo Vasiilakis, a former Google employee who also worked for Microsoft as CTO. Vassilakis is the third CTO for Grab after Wei

Grab raises $700M in debt funding to expand its car rental program

By : CIOL Writers

Uber’s Southeast Asian rival Grab has raised up to $700 million in debt financing from unnamed global and regional banks, the company announced over the weekend. Grab, whose leasing programme helps in growing its driver network, said it would have the largest car

Grab raises $2B from China’s Didi and SoftBank to take on Uber

By : CIOL Writers

Earlier this month there were reports about Grab raising nearly $2 billion from China’s Didi Chuxing and SoftBank. The deal has finally happened. The Singapore-based company has secured $2 billion and is expecting to raise an additional $500 million from existing and

Grab raising $2B from SoftBank and China’s Didi: Report

By : CIOL Writers

Uber’s biggest rival in Southeast Asia, Grab is said to be raising nearly $2 billion from SoftBank and China’s ride hailing firm Didi Chuxing, the Wall Street Journal reported. The deal which could be finalized in next few weeks could

Uber’s rival Grab to acquire Indonesian payment startup Kudo

By : CIOL Writers

Uber’s arch rival in Southeast Asia, Grab is acquiring  Indonesian online payment startup, Kudo, to bolster its mobile payments platform. Though neither party has disclosed the value of the deal, Reuters in February reported Grab’s plan to buy Kudo for over

Uber’s South-east Asian rival Grab opens R&D centre in Bangalore

By : CIOL Writers

Singapore-based cab-aggregator Grab is establishing a research and development centre in Bangalore that will focus on developing new technologies for its digital payments platform. However, despite the new office plans, Grab said it won’t launch consumer-facing operations in India. The Bangalore centre is

Honda announces strategic partnership with Uber’s rival Grab

By : CIOL Writers

Uber’s ride-sharing rival in Southeast Asia, Grab has secured second undisclosed investment in this month from Japan’s motorcycle manufacturer Honda, after raising an undisclosed investment from financial services firm Tokyo Century. In a bid to boost Grab’s motorbike ride service,