GRAB

Grab Holdings Limited operates Southeast Asia's leading superapp platform, providing on-demand transportation, food and grocery delivery, digital payments, and financial services across eight countries. Headquartered in Singapore, the company serves over 700 cities and municipalities in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand, and Vietnam. Grab's platform connects millions of consumers with driver-partners, merchant-partners, and agents through its mobile application. The company operates through four primary segments: deliveries, mobility, financial services, and enterprise and new initiatives. Grab's financial services arm, which includes digital payments through GrabPay and lending products, has become a significant growth driver alongside its core ride-hailing and food delivery businesses. The company holds the number one or number two market position in mobility and delivery services across most of its operating markets. In 2023, Grab achieved profitability on a group level, marking a significant milestone in its transition from high-growth startup to sustainable business. The platform processes billions of transactions annually and maintains partnerships with millions of merchants and drivers. Grab went public in December 2021 through a merger with a special purpose acquisition company, making it one of the largest-ever SPAC transactions at approximately $40 billion in combined valuation at closing.