Articles tagged “grab”

Indonesia’s Go-Jek Seeks $2 Billion More in Funding as Startup Wars Heat Up

Indonesia’s Go-Jek Seeks $2 Billion More in Funding as Startup Wars Heat Up

Yoolim Lee, Crystal Tse and Joyce Koh, Bloomberg

This is a battle of titans in the ridehailing sector in Southeast Asia. And with Go-Jek and Grab angling to become the region's super-app, providing a plethora of services from insurance to payment, describing them as ridehailing players will soon no longer do.

6 days ago

Expedia Had a Less-Is-More Approach to Mergers in 2018

Expedia Had a Less-Is-More Approach to Mergers in 2018

Dennis Schaal, Skift

Expedia is an opportunistic company, and mergers and acquisitions are part of its DNA. The company has been quiet on this front for the past three years. It is sort of due to make another big splash.

6 days ago

Parent of Thailand’s Centara Hotel Chain Eyes a $200 Million Stake in Grab

Parent of Thailand’s Centara Hotel Chain Eyes a $200 Million Stake in Grab

Yoolim Lee and Natnicha Chuwiruch, Bloomberg

Thailand’s Central Group, which owns hotels, restaurants, supermarkets and department stores, now wants to grab a piece of ride hailing. Why not? For one, imagine the promotions it can push, via the Grab Thailand app, to a captive audience sitting restless in snarling traffic.

3 weeks ago

Singapore Proposes Stricter Ridehailing Rules Because the Services Are the Same

Singapore Proposes Stricter Ridehailing Rules Because the Services Are the Same

Youlim Lee, Bloomberg

With more players in the market, Singapore no longer sees ridehailing firms as technology, but transport companies which should be subject to the same rules as street-hail operators. Safety is another big issue.

4 weeks ago

Grab Is Hiring Tech Talent to Become Southeast Asia’s First Super App

Grab Is Hiring Tech Talent to Become Southeast Asia’s First Super App

Raini Hamdi, Skift

Grab will hire an additional 1,000 tech employees in 2019, after doubling the number of software engineers, data scientists, and analysts it added this year to 2,000. A look at its next R&D hiring plan gives a few hints on what it is working on.

2 months ago

Expedia Isn’t Ready to Invest Big in Restaurant Reservations

Expedia Isn’t Ready to Invest Big in Restaurant Reservations

Dennis Schaal, Skift

Expedia has dealt with a ton of distractions in recent years as it acquired Wotif, Travelocity, Orbitz Worldwide, and HomeAway, for example. CEO Mark Okerstrom wants to focus on the basics instead, and doesn't want to take bold steps into dining reservations or food delivery for now. On the other hand, Expedia is a very acquisitive company so never say never.

2 months ago

Grab’s $100 Million Investment in Oyo Is Part of SoftBank’s Bigger Plan

Grab’s $100 Million Investment in Oyo Is Part of SoftBank’s Bigger Plan

Raini Hamdi, Skift

Grab’s $100 million investment in Oyo is just the start of a strategy to have a tag-team under the same major investor, which is leveraging the strengths of each member of its portfolio. Expect to see more "teams of unicorns" attacking incumbents in the next year or so.

2 months ago

Grab’s Tie-Up With Indonesia Tourism Gives a Glimpse of Ambitions Beyond Ridehailing

Grab’s Tie-Up With Indonesia Tourism Gives a Glimpse of Ambitions Beyond Ridehailing

Raini Hamdi, Skift

Grab’s partnership with Indonesia’s tourism ministry, the first of its kind between a national tourism body and a ridehailing platform, reveals one of the initial ways it is trying to become Southeast Asia’s super app for a plethora of travel services.

3 months ago

Here’s Why Hyundai Is Investing Another $250 Million in Ridehailing Service Grab

Here’s Why Hyundai Is Investing Another $250 Million in Ridehailing Service Grab

Raini Hamdi, Skift

Grab is the go-to for motor companies wanting a piece of Southeast Asia’s future mobility market, as Hyundai’s additional tenfold investment shows.

4 months ago

Booking Holdings Invests $200 Million in Grab as Ridehailing Becomes More Strategic

Booking Holdings Invests $200 Million in Grab as Ridehailing Becomes More Strategic

Dennis Schaal, Skift

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.

4 months ago

Microsoft Invests in Ride-Hailing Platform Grab

Microsoft Invests in Ride-Hailing Platform Grab

Yoolim Lee, Bloomberg

This seems like a win-win for both sides. Microsoft gets a customer for its in-house cloud services operation and Grab now has a global tech firm as a partner.

5 months ago

Priority Pass Parent Expands Further Into Dining

Priority Pass Parent Expands Further Into Dining

Sarah Enelow-Snyder, Skift

Collinson, the parent company of Priority Pass, made a wise move investing in airport-food-ordering app Grab. There's plenty to improve about the experience of dining in the terminal.

5 months ago