What is Grab? Grab Review

What is Grab? Grab Review
Grab, formerly known as GrabTaxi, is the most commonly used online-to-offline (O2O) mobile platform in Southeast Asia, providing consumers with indispensable daily life services. The platform can provide safe transportation, food and package delivery, mobile payment and financial services. Headquartered in Singapore Founder: Tan Bingyao Founded in January 2011 Website : https://www.grab.com/


Running the process

1. Booking

Enter your pickup or drop-off location to get an estimated fare.

2. Get a driver

Grab will find the nearest available driver for you.

3. Track your driver

Get real-time insight into your driver's location and estimated time of arrival.

4. Safe Arrival

Share your travel details with loved ones for added security, or even just to let them know you're on your way.

Service Area

Grab currently provides services in Singapore, Indonesia, the Philippines, Malaysia, Thailand, Vietnam, Myanmar and Cambodia.

develop

In January 2011, the taxi-hailing software GrabTaxi was established.

In June 2018, Grab unveiled its vision to grow into Southeast Asia’s everyday super app through its open platform strategy and announced the launch of GrabFresh, an on-demand grocery delivery service in Jakarta, Indonesia.

Financing

In April 2014, GrabTaxi received a US$10 million Series A investment led by Vertex Venture Holdings.

In May 2014, GrabTaxi received a US$15 million Series B investment led by GGV Capital, with Vertex Venture Holdings and Qunar participating.

December 4, 2014: SoftBank, headed by Masayoshi Son, has invested $250 million in GrabTaxi, a Southeast Asian taxi service, to help it block the expansion of Uber, the world's leading taxi app, in the region. On July 19, 2015, GrabTaxi, a Southeast Asian taxi app, announced today that it has completed a new round of financing of $350 million jointly invested by Cotu Capital, China Investment Corporation, Didi Kuaidi, etc. After the completion of this round, GrabTaxi has received a total of $700 million in financing.

On September 20, 2016, Grab announced the completion of its Series F financing and received a strategic investment of US$750 million from SoftBank.

In August 2018, Southeast Asian O2O mobile platform Grab Holdings Inc. (Grab) announced that it had completed a new round of financing of US$2 billion.

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