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- Grab is a super app based in Southeast Asia which offers a variety of different products and services, ranging from food delivery all the way to investment products. Grab makes money via driver and restaurant commissions, payment processing fees, advertising on its platform, referral fees, and many more.
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Grab Holdings revenue for the quarter ending June 30, 2024 was $0.664B, a 17.11% increase year-over-year. Grab Holdings revenue for the twelve months ending June 30, 2024 was $2.584B, a 30.77% increase year-over-year. Grab Holdings annual revenue for 2023 was $2.359B, a 64.62% increase from 2022.
- What Is Grab?
- How Grab Started: Company History
- How Does Grab Make Money?
- Grab Funding, Revenue & valuation
- Who Owns Grab?
Grab is a Southeast Asian super app that offers a variety of different services, ranging from food delivery all the way to insurance policies. Grab is currently active in eight countries, including Malaysia, Myanmar, Cambodia, Philippines, Vietnam, Thailand, Indonesia, and Singapore. Depending on the country of residence, a different set of product...
Grab, headquartered in Singapore, was founded in 2012 by Anthony Tan and Hooi Ling Tan (no family relation). The two founders, who grew up under vastly different circumstances in Kuala Lumpur, Malaysia, first met each other during their MBA studies at Harvard’s Business School. Prior to the MBA, Hooi Ling Tan, after graduating with a Mechanical Eng...
Grab makes money via driver and restaurant commissions, payment processing fees, advertising on its platform, referral fees, and many more. While Grab began as a marketplace, its business model has now evolved towards becoming Southeast Asia’s leading super app. As such, it is building ancillary products and services (such as personal assistants or...
According to Crunchbase, Grab has raised a total of $12.5 billion across 34 rounds of debt and equity funding. Notable investors include SoftBank, Tiger Global Management, Yamaha, GGV Capital, Microsoft, HSBC, 500 Startups, Vertex Ventures, Toyota, and many more. With its SPAC merger, expected to go through by the end of 2021, Grab is seeking a val...
As a result of its SPAC merger with Altimeter Growth, Grab founder and CEO Anthony Tan will only own 2.2 percent of ordinary shares. However, the SPAC deal grants him 60.4 percent of the newly formed company’s voting power (via Class B shares). The Class B shares carry 45 times the voting power of ordinary shares. As such, Tan can outvote any of th...
Feb 22, 2024 · Revenue for Financial Services doubled to $56 million in the fourth quarter 2023, from $28 million in the same period in 2022, and grew by 159% YoY or 162% YoY on a constant currency basis for the full year 2023.
Feb 23, 2023 · Revenue for Financial Services grew to $28 million in the fourth quarter 2022, from negative $1 million in the same period in 2021, and by 166% YoY or 185% YoY on a constant currency basis for the full year 2022.
May 15, 2024 · Grab Reports First Quarter 2024 Results. May 15, 2024. PDF Version. Revenue grew 24% year-over-year, or 29% on a constant currency basis to $653 million. On-Demand GMV grew 18% year-over-year, or 21% on a constant currency basis to $4.2 billion. Operating Loss improved by $129 million year-over-year to $ (75) million.
4 days ago · Grab Holdings had revenue of $664.00M in the quarter ending June 30, 2024, with 17.11% growth. This brings the company's revenue in the last twelve months to $2.58B, up 30.77% year-over-year. In the year 2023, Grab Holdings had annual revenue of $2.36B with 64.62% growth.
Jun 1, 2023 · Grab’s financial-services revenue grew 233% year over year in the first quarter of 2023, with loan disbursements up 45%. In 2022, small merchants on Grab saw a 26% increase in average monthly ...
