Booking Holdings Invests $200 Million in Grab as Ridehailing Becomes More Strategic
Skift Take
It's becoming increasingly clear that online travel players will try to leverage the heck out of connections between food delivery, ridehailing, and booking hotels. Uber and Lyft will undoubtedly become a bigger part of the action, as well.
Booking Holdings joined Uber as a minority investor in Southeast Asia's Grab, taking a $200 million stake.
Uber is by far a larger investor in Grab in an investment valued at $1.6 billion when Uber took a 27.5 percent stake in the ridehailing and food delivery service in March. Grab also does package delivery and payments in 235 cities in Singapore, Malaysia, Indonesia Thailand, Vietnam, Myanmar and Cambodia.
With Booking Holdings' investment in Grab follows the $500 million it ploughed into China's Didi in July. Uber likewise is a major investor in
