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Grab is a Southeast Asian technology company offering a variety of platform services, including transportation, food delivery, and digital payment solutions. Founded in Malaysia in 2012 and later relocating its headquarters to Singapore, Grab has grown into one of the leading super-app platforms in the region, serving millions of users.
About Grab Holdings Limited (GRAB)
Established in 2012 and headquartered in Singapore, Grab Holdings Limited is a technology company that provides a range of services through its super app. These services include mobility, food delivery, digital financial services, and corporate sector offerings.
With over 13,000 employees, Grab has evolved into one of the top super-app platforms in Southeast Asia, operating in countries like Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.
Company Vision and Mission
Grab is committed to driving Southeast Asia forward by creating economic empowerment for everyone. Through various innovations and services, Grab strives to be a positive force in the community, supporting regional economic growth and providing safe, convenient, and affordable solutions for everyday needs.
Products and Services
Grab offers an array of products and services designed to meet the needs of consumers and businesses in Southeast Asia:
- GrabCar and GrabBike: Transportation services that allow users to book a car or motorcycle for personal travel.
- GrabFood: A food delivery service enabling users to order food from various restaurants and local eateries.
- GrabExpress: A fast and reliable courier and parcel delivery service.
- GrabPay: A digital payment service that facilitates payments for various Grab services as well as transactions with third-party merchants.
- GrabFinancial: Offers a range of financial services, including payments, insurance, and financing solutions.
Additionally, Grab has introduced initiatives like GrabKitchen, supporting culinary entrepreneurs by providing shared kitchen infrastructure, and GrabMart, allowing users to purchase daily necessities from local stores through the app.
Key Figures at Grab Holdings Limited
Grab Holdings Limited, a leading technology company in Southeast Asia, is led by several key figures who have played a significant role in the company’s growth and expansion:
1. Anthony Tan
Serving as Co-Founder, Chairman, and Chief Executive Officer, Anthony Tan is a pivotal figure behind Grab’s vision and strategy. With a strong background in business and management, Tan has steered Grab from a local startup to a dominating super-app in Southeast Asia.
2. Peter Oey
As Chief Financial Officer, Peter Oey is responsible for the company’s financial management. With extensive experience in finance and accounting, Oey plays a crucial role in Grab’s financial strategy, including funding, risk management, and resource allocation.
3. Alexander Charles Hungate
As Chief Operating Officer, Hungate oversees Grab’s daily operations and the implementation of its business strategy. With international experience and strong leadership, Hungate ensures that Grab continues to innovate and provide high-quality services to its users.
Fluctuating Stock Price History of GRAB
Grab Holdings Limited, listed on the NASDAQ under the symbol “GRAB”, has experienced notable stock price fluctuations since its stock market debut. A significant moment was when Grab went public on NASDAQ through a merger with the special purpose acquisition company (SPAC) Altimeter Growth Corp., at a valuation of $39.6 billion, announced as the largest SPAC merger at that time.
The NASDAQ debut of Grab’s stock in December 2021 captured market attention, yet the stock price declined on the first trading day, a dynamic not uncommon in initial public offerings or SPAC mergers as investors reassess the valuation and long-term prospects of the company after the IPO or merger hype subsides.
History and Development of Grab Holdings Limited
Grab Holdings Limited, starting from a simple idea to improve the accessibility and safety of transportation in Southeast Asia, has grown into one of the leading super-app platforms in the region. Grab’s journey began in 2012 in Malaysia with the original name GrabTaxi, founded by Anthony Tan and Tan Hooi Ling as a solution to the challenge of finding safe and reliable taxis in Kuala Lumpur.
Initially, Grab only offered a taxi booking service through its app. However, with a vision to address various transportation and logistics challenges in Southeast Asia, Grab quickly expanded into other services such as GrabCar (private car hire service) and GrabBike (motorbike ride service).
The year 2016 marked a significant turning point when GrabTaxi officially changed its name to Grab, signifying the company’s expansion beyond taxi services into various other services including food delivery and digital payments.
Grab didn’t stop at transportation services. The company continued to innovate by launching GrabFood, a food delivery service, and GrabPay, a digital payment platform that facilitates transactions not only within the Grab ecosystem but also with other merchants. Grab also integrated other services like GrabExpress (courier service), GrabMart (daily necessities delivery), and GrabHealth (digital health service).
Throughout its expansion journey, Grab not only focused on product development but also formed strategic partnerships, including merging its operations with Uber in Southeast Asia in 2018. This move not only expanded Grab’s service coverage but also strengthened the company’s position in the regional market.
Grab’s focus isn’t solely on business growth but also on social impact. Through the Grab for Good initiative, the company strives to make a positive impact on society, including digital education and skills programs for driver partners, merchants, and the wider community. Grab also actively participates in various environmental and sustainability initiatives.
Grab’s journey to the public market through the merger with SPAC Altimeter Growth Corp in 2021 was a significant milestone in the company’s history, marking a new chapter in Grab’s growth and expansion. Despite market challenges and stock price fluctuations, Grab continues to innovate and expand its services, demonstrating its commitment to being the core of the digital ecosystem in Southeast Asia.
Key Metrics
| Founded | 2021 |
| Headquarters | 3 Media Close, Singapore |
| Website | https://www.grab.com/sg |
| Number of employees | 11,934 |
Financial Summary
| Item | 2022 | 2021 | 2020 |
| Total Revenue | 1,43 M | 675 Jt | 469 Jt |
| Cost of Revenue | 1,36 M | 1,07 M | 963 Jt |
| Gross Profit | 77 Jt | -395 Jt | -494 Jt |
| Operating Income | -1,31 M | -1,53 M | -1,21 M |
| Operating Expense | 1,39 M | 1,13 M | 716 Jt |
| Net Income | -1,68 M | -3,45 M | -2,61 M |
| Item | 2022 | 2021 | 2020 |
| Total Assets | 9,17 M | 11,18 M | 5,44 M |
| Total Liabilities | 2,51 M | 3,16 M | 11,74 M |
| Total Equity | 6,66 M | 8,02 M | -6,29 M |
| Item | 2022 | 2021 | 2020 |
| Operating Cash Flow | -798 Jt | -954 Jt | -643 Jt |
| Investing Cash Flow | -1,06 M | -2,76 M | -288 Jt |
| Financing Cash Flow | -1,12 M | 6,57 M | 1,58 M |
| End Cash Position | 1,95 M | 4,99 M | 2,17 M |
in USD (Jt = million, M = billion, T = trilion)
Executives
| Ping Yeow Tan | Co-Founder, Chairman & CEO |
| Peter Oey | Chief Financial Officer |
| Alexander Charles Hungate | Chief Operating Officer |
| Suthen Thomas Paradatheth | Group Chief Technology Officer |
| Vivian Tong | Head of US Investor Relations |
| Christopher W. Betts | General Counsel |
| Chin Yin Ong | Chief People Officer & Director |
| Hooi Ling Tan | Advisor |
| Andrew Chan | Managing Director of Transport |
How to Buy Grab Holdings Limited (GRAB) Stocks
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