Grab Archives - Stay Ahead with Heaptalk: Your Go-To Source for Business News https://heaptalk.com/tag/grab/ Latest business news media headlines platform today | Lets talk Business Wed, 21 May 2025 11:17:07 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.5 https://heaptalk.com/wp-content/uploads/2025/04/cropped-fav-icon-48x48-1-32x32.png Grab Archives - Stay Ahead with Heaptalk: Your Go-To Source for Business News https://heaptalk.com/tag/grab/ 32 32 Online ride-hailing companies reconsider changing driver status from partner to employee https://heaptalk.com/industry/online-ride-hailing-companies-reconsider-changing-driver-status-from-partner-to-employee/ Wed, 21 May 2025 11:17:07 +0000 https://heaptalk.com/?p=48159 Heaptalk, Jakarta — On Tuesday (05/20), thousands of online motorcycle taxi drivers held a protest at the MPR Building. One of their demands was to change their status from partner to employee. This request has made online ride-hailing service providers reconsider, as such a policy could significantly reduce their revenue and the number of drivers. Ryan […]

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]]> Grab reportedly in Talks to Secure $2B Loan for GoTo Takeover Bid https://heaptalk.com/news/grab-reportedly-in-talks-to-secure-2b-loan-for-goto-takeover-bid/ Thu, 27 Mar 2025 08:37:37 +0000 https://heaptalk.com/?p=47103 Heaptalk, Jakarta — Singaporean ride-hailing giant Grab, a key competitor to Gojek, is allegedly negotiating to procure a US$2 billion, or approximately Rp33.2 trillion, credit facility. This financial submission purportedly intends to underwrite Grab’s strategic acquisition ambitions targeting GoTo Group. Insiders privy to the matter suggest the proposed financing is structured as a bridge loan with […]

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]]> Grab applies AWS technologies to maximize its ride-hailing services https://heaptalk.com/news/grab-applies-aws-technologies-to-maximize-its-ride-hailing-services/ Fri, 06 Dec 2024 05:49:53 +0000 https://heaptalk.com/?p=44686 Heaptalk, Jakarta — Singapore’s ride-hailing company Grab implements an Amazon Web Services (AWS) cloud provider to enable Gojek’s competitor to scale its operations, streamline infrastructure costs, and enhance user experiences in transportation, delivery, and financial services, including its newly launched digital banking platforms. “This requires rapid experimentation while ensuring security, stability, and the ability to leverage the […]

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]]> Grab posts a $716mn revenue in Q3 this year https://heaptalk.com/news/grab-posts-a-716mn-revenue-in-q3-this-year/ Wed, 13 Nov 2024 10:25:31 +0000 https://heaptalk.com/?p=44155 Heaptalk, Jakarta —  Singapore’s Grab announced unaudited financial results. Its revenue grew to 17%, reaching US$716 million in the third quarter (Q3) of 2024. Meanwhile, operating loss in the third quarter was US$38 million, an improvement of US$55 million YoY, primarily attributable to revenue increases. Furthermore, its on-demand GMV grew 15% YoY, or 18% YoY on a […]

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]]> Fore Coffee approaches young audiences through the digital platform GrabAds https://heaptalk.com/industry/fore-coffee-approaches-young-audiences-through-the-digital-platform-grabads/ Wed, 11 Sep 2024 03:51:33 +0000 https://heaptalk.com/?p=38660 Heaptalk, Jakarta — Fore Coffee, an Indonesian coffee shop brand, is transforming the trend of coffee consumption through several digital platforms, including GrabAds, to strengthen its digital-based strategy and further expand its market reach. The brand can leverage various features from the Grab app’s advertising service to increase brand visibility and boost sales. Features sort […]

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]]> Grab posts its EBITDA growth at US$81mn in Q2 2024 https://heaptalk.com/news/grab-posts-its-ebitda-growth-at-us81mn-in-q2-2024/ Fri, 16 Aug 2024 03:23:11 +0000 https://heaptalk.com/?p=37148 Heaptalk, Jakarta — Grab noted its revenue of 17% year-over-year (YoY) to US$664 million in the second quarter (Q2) of 2024, or 23% on a constant currency basis, driven by revenue growth across all segments. The group’s Adjusted EBITDA was US$64 million this quarter, improving US$81 million YoY. On-demand GMV grew 13% YoY, or 18% YoY […]

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]]> Grab acquires restaurant reservation platform Chope https://heaptalk.com/news/grab-acquires-restaurant-reservation-platform-chope/ Tue, 23 Jul 2024 06:51:44 +0000 https://heaptalk.com/?p=35525 Heaptalk, Jakarta —  Gojek’s competitor, Grab, announced its strategy acquisition of restaurant reservation platform Chope for an undisclosed amount. This ride-hailing company will take over Chope’s operations in Singapura, Indonesia, and Thailand. In more detail, Grab plans to integrate Chope’s services with its extensive merchant-partner base in the region. Nevertheless, this company has ensured that […]

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]]> Superbank integrates its digital banking services on Grab’s application https://heaptalk.com/news/superbank-integrates-its-digital-banking-services-on-grabs-application/ Thu, 20 Jun 2024 04:39:26 +0000 https://heaptalk.com/?p=33353 Heaptalk, Jakarta — Fintech startup Superbank partnered with ride-hailing Grab to provide integrated digital banking services. These services assist Grab users and partners in opening accounts, saving, and using these accounts as payment methods directly in the Grab application. In more detail, the integration between Superbank and Grab applications provides several features, including: Account opening […]

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]]> Grab adopts Sam Altman’s ChatGPT https://heaptalk.com/news/grab-adopts-sam-altmans-chatgpt/ Fri, 31 May 2024 07:29:37 +0000 https://heaptalk.com/?p=32136 Heaptalk, Jakarta — Gojek’s rival which is based in Singapore, Grab, announced its strategic collaboration with Sam Altman’s OpenAI to build and perform pilot deployment of ChatGPT Enterprise of OpenAI that enrich this ride-hailing experience for users, partner, and employees. “Generative AI has plenty of potential to transform further the way we solve problems for our […]

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]]> Ride-hailing Grab narrows its loss to US$115mn in Q1 this year https://heaptalk.com/news/ride-hailing-grab-narrows-its-loss-to-us115mn-in-q1-this-year/ Fri, 24 May 2024 02:09:13 +0000 https://heaptalk.com/?p=30559 Heaptalk, Jakarta — Grab Holdings announced its financial performance in the early quarter of this year by growing its revenue by up to 24% YoY, attaining US$653 million. All segments drive this enhancement amid a reduction in on-demand incentives as a percentage of on-demand GMV. Further, Grab’s on-demand GMV also improved by 18% YoY, supported […]

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]]> Grab and Gojek respond the regulation for Drivers’ Holiday Bonuses (THR)  https://heaptalk.com/news/grab-and-gojek-respond-the-regulation-for-drivers-holiday-bonuses-thr/ Thu, 21 Mar 2024 07:26:17 +0000 https://heaptalk.com/?p=25856 Heaptalk, Jakarta — Monday (18/03) the Ministry of Manpower announced that online motorcycle taxi drivers are entitled to obtain Eid al-Fitr bonuses (THR) in 2024. According to the Ministry’s statement, the drivers are categorized as Fixed Time Employment Agreement (PKWT) category, although the work status is a partnership. For this reason, in accordance with the […]

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]]> Ride-hailing Grab and GoTo reportedly re-unlock merger scenario https://heaptalk.com/news/ride-hailing-grab-and-goto-reportedly-re-unlock-merger-scenario/ Mon, 12 Feb 2024 06:44:17 +0000 https://heaptalk.com/?p=23093 Heaptalk, Jakarta — Two behemoth ride-hailing companies, Grab Holdings Ltd and GoTo Group, were reportedly in talks of a merger scenario. According to the anonymous spokesperson, these entities carry out this move to cease business loss and their long-running competition for the last years. “This discussion has lasted. Multiple significant shareholders of both companies support the […]

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]]> Grab acquires a full ownership of Singapore’s Trans-cab https://heaptalk.com/whats-on/grab-acquires-a-full-ownership-of-singapores-trans-cab/ Fri, 21 Jul 2023 05:46:09 +0000 https://heaptalk.com/?p=11327 The acquisition includes Trans-cab’s taxi and car rental business, maintenance workshop, and fuel pup operations. Grab expects the current transaction to complete in Q4 2023.  Heaptalk, Jakarta — Grab Holdings Limited announced signing an agreement for Grab Rentals Pte to acquire 100% of the shares in Trans-cab Holdings Ltd. This acquisition value is estimated up to […]

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]]> Singapore’s Grab trims 1,000 employees, the biggest layoff round since the pandemic https://heaptalk.com/whats-on/singapores-grab-trims-1000-employees-the-biggest-layoff-round-since-the-pandemic/ Thu, 22 Jun 2023 04:13:47 +0000 https://heaptalk.com/?p=10833 With tough competition in ride-sharing and food delivery services in Southeast Asia, Grab slashes its 11% employees. Heaptalk, Jakarta — Singapore’s giant ride-hailing company, Grab Holding Ltd, is preparing the biggest layoff rounds since the pandemic because the company has faced increasing competition in ride-sharing and food delivery services in Southeast Asia. According to Bloomberg, the company […]

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]]> Online transportation and logistics have proven to be resilient amidst the post-pandemic economic turmoil https://heaptalk.com/news/online-transportation-and-logistics-have-proven-to-be-resilient-amidst-the-post-pandemic-economic-turmoil/ Fri, 09 Dec 2022 07:23:57 +0000 https://heaptalk.com/?p=7377 INDEF’s research in several major cities revealed that users preferred Gojek as an online transportation and logistics provider. Heaptalk, Jakarta — The Institute for Development of Economics and Finance (INDEF) survey results show that the online transportation and logistics industry is a fairly resilient industry, even in the midst of economic uncertainty. The research was […]

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]]> Grab to close the GrabKitchen business unit, leading to a layoff impact on dozens of employee https://heaptalk.com/news/grab-to-close-the-grabkitchen-business-unit-leading-to-a-layoff-impact-on-dozens-of-employee/ Mon, 24 Oct 2022 09:05:47 +0000 https://heaptalk.com/?p=6285 Heaptalk, Jakarta — A Singapore-based ride-hailing company, Grab, has declared to execute a layoff consideration for its business unit, GrabKitchen – a kitchen rental division for delivery service, as this service unit will be closed on December 19th, 2022. The layoff determination is estimated to impact around 10 to 20 employees of Grab. Established in […]

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]]> Grab officially listed on Nasdaq: this is what an expert has to say https://heaptalk.com/news/grab-officially-listed-on-nasdaq-this-is-what-an-expert-has-to-say/ Sun, 05 Dec 2021 09:53:27 +0000 https://heaptalk.com/?p=2758 Heaptalk, Jakarta — Grab, a Southeast Asian ride-hailing startup, made its Nasdaq debut on Thursday (02/12), trading under the stock symbol GRAB. Merging with Special Purpose Acquisition Company (SPAC), Altimeter Growth Corp., this year’s largest tech company by floor, totaled $40 billion, or Rp 572 trillion (exchange rate of Rp 14,300 per US dollar). GRAB […]

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