Grab is a leading superapp in Southeast Asia, operating across eight countries and serving over 800 cities. The company facilitates daily activities such as food and grocery deliveries, ride-hailing, package delivery, and digital financial services. Grab also offers enterprise solutions and operates physical stores to enhance its service offerings.
- Deliveries - Facilitates on-demand and scheduled delivery of daily necessities, including ready-to-eat meals, groceries, and point-to-point parcel delivery. Includes offline sales through physical stores and advertising revenue from promoted listings and banner advertisements.
- Mobility - Connects consumers with rides provided by driver-partners across various options, including private cars, taxis, motorcycles, and shared mobility solutions like carpooling. Includes vehicle rentals for driver-partners and advertising revenue from in-car product placements and mobile billboards.
- Financial Services - Offers digital solutions such as digital payments, lending, receivables factoring, digital banking, insurance distribution, and wealth management. Includes savings accounts, payment products, and digital lending through GXS Bank in Singapore and GXBank in Malaysia.
- Others - Provides enterprise services such as mapping solutions, anti-fraud offerings, and advertising services through GrabAds.
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- Based on your Q1 performance where on-demand GMV grew 17% YoY and you achieved record monthly transacting users, how do you plan to sustain cost efficiencies without sacrificing growth, especially as macro uncertainties persist?
- With the fintech unit reporting stable non-performing loans yet modest loan book growth coupled with rising expected credit losses, what specific measures are you implementing to strengthen credit risk management as you scale consumer lending?
- Considering the launch of new products like Shared Saver and GrabFood for One that claim to improve unit economics without margin pressures, what quantitative targets or benchmarks have you set to ensure these products deliver the expected volume without eroding profitability?
- Your management highlighted a 12% reduction in direct marketing costs in Indonesia and an outperformance versus competitors; what strategies are in place to preserve this competitive advantage in the face of potential aggressive pricing or subsidy moves from rivals?
- As you forge early partnerships in the autonomous vehicle space without a clear pilot timeline, how do you plan to navigate potential regulatory and operational challenges, and what key performance indicators will determine the feasibility of scaling these AV initiatives?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Everrise | 2025 | Grab acquired an 80% ownership interest in Everrise for $54 million in cash, with an option to purchase the remaining 20%, to extend its retail footprint into East Malaysia and create a nationwide leading grocer, strengthening Grab's regional ecosystem. |
Trans-Cab Holdings Ltd | 2023 | Grab, through its subsidiary Grab Rentals Pte. Ltd., signed an agreement to acquire 100% of Trans-Cab Holdings Ltd, Singapore’s third-largest taxi operator, aiming to digitize fleet operations, enhance driver experience, and supplement its driver supply, subject to regulatory approvals and closing in Q4 2023. |
Jaya Grocer | 2022 | Grab acquired a 75% stake in Jaya Grocer for $191 million in cash plus 8.2 million shares, aiming to accelerate the growth of its on-demand grocery delivery service and expand GrabMart capabilities in Malaysia, with an option for the remaining 25% under regulatory-compliant terms. |
Bank Fama International | 2022 | Grab acquired a 33.6% equity interest in PT Bank Fama International as part of its strategic expansion into Indonesia's digital banking market to grow its Southeast Asia digital banking operations. |
Recent press releases and 8-K filings for GRAB.
- Grab Holdings Limited priced an upsized $1.5 billion aggregate principal amount of zero coupon convertible senior notes due 2030.
- The net proceeds from the offering will be used for general corporate purposes, to optimize strategic flexibility (including potential acquisitions), and for a Concurrent Repurchase of shares.
- Concurrently, Grab plans to repurchase approximately US$273.5 million of its Class A Ordinary Shares at US$4.68 per share, which utilizes part of its existing $500 million share repurchase program.
- The initial conversion price of the Notes is approximately US$6.55 per Class A Ordinary Share, representing a 40% conversion premium above the June 10, 2025 closing price.