Tag "Grab"

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,