Grab Holdings Limited (Nasdaq: GRAB) is a leading "super app" company in Southeast Asia, offering a wide range of services including ride-hailing, food delivery, digital payments, and financial services. Founded in 2012 as a taxi-hailing app in Malaysia, Grab has since expanded to operate in over 500 cities across eight Southeast Asian countries.
Grab's core services include:
Mobility: Ride-hailing services across multiple options like cars, motorcycles, taxis and carpooling
Deliveries: On-demand food, grocery and package delivery services
Financial Services: Digital payments via GrabPay, lending, insurance and digital banking services
GrabAds: Advertising and marketing solutions for merchants
Grab reported revenue of USD 615 million in Q3 2023, up 61% year-over-year. The company achieved its first positive Adjusted EBITDA of USD 29 million that quarter. As of Q3 2023, Grab had 41 million monthly transacting users across its services. The company is focused on expanding its ecosystem of services, improving profitability, and growing its user base in Southeast Asia. In July 2024, Grab acquired Singapore-based restaurant reservation platform Chope to enhance its food and beverage offerings. Grab continues to invest in technology and new products to strengthen its position as a leading super app in the region.
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