Grab Holdings Inc
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July 1, 2020
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Grab Holdings Inc

See subsidiaries
See subsidiaries
6,000 (2019)
GICS Industry Group:
Midview City, Singapore
June 2012
Current CEO:
Anthony Tan (Jun 2012–)
This is the ultimate parent


Grab Holdings Inc (formerly known as MyTeksi and GrabTaxi) is a Singapore-based ridesharing company that was founded in June 2012 by Anthony Tan and Tan Hooi Ling. Along with the company's ride-hailing transport services, Grab also offers food delivery and payment solutions. Grab operates through a number of subsidiaries (see financial profiles below) including GrabTaxi (Singapore), GrabTaxi (Thailand), GP Network Asia (GrabPay - Singapore), Kudo Digital Solutions (Subsidiary of GP Network Asia - Singapore), and more.

Grab was originally founded in Malaysia but later moved its headquarters to Singapore, where most of its subsidiaries are now registered.

Grab operates in the Southeast Asian countries of Singapore, Malaysia, Indonesia, Philippines, Vietnam, Thailand, Myanmar, Cambodia and Japan. Grab's acquisition of Uber Southeast Asia caused the company to gain a much larger footprint in the region, and helped stop any competitive activity by Uber in the region, as Uber is now a partial shareholder in Grab as a result of the deal.

Grab Holdings Inc remains a privately held company, so is not listed on any stock exchanges. However, the company has displayed its intention to list on a stock exchange in the past, so may do so in the near future.

Funding by series (A through H)

Series A - In April 2014, Grab reportedly secured USD 10 million in series A funding from Vertex Venture Holdings (a subsidiary of Singapore sovereign wealth fund Temasek Holdings). Series B - The company raised USD 15 million in series B funding in May 2014, led by Chinese venture capital firm GGV Capital, with participation from Qunar and Vertex Venture Holdings. Series C - In October 2014, the company raised USD65 million in series C funding from US-based hedge fund Tiger Global, GGV Capital, and Venture Vertex Holdings. Series D - In December 2014, Grab raised USD 250 million in series D funding, invested in full by SoftBank Group. Series E - In August 2015, Grab raised USD 350 million in series E funding from investors including Didi Chuxing and China Investment Corporation (CIC). Series F - In September 2016, Grab raised another USD 750 million in series F funding from SoftBank, Didi, and Honda. Series G - In August 2017, Grab raised USD 2.5 billion in series G funding from SoftBank, Didi, and Toyota. In October 2018, Grab raised another USD 200 million from Booking Holdings (formerly known as Priceline). Series H - In December 2018, Grab announced plans to hold series H of funding. As part of the series H round, Grab gained funds from the SoftBank Vision Fund, with a USD 1.46 billion investment from the super fund. The deal took Grab's series H round to USD 4.5 billion.

In Singapore Dollars (SGD)
In Singapore Dollars (SGD)
In Singapore Dollars (SGD)

Operating Segments:

Grab separates its offerings into consumer, driver, merchant and enterprise segments. Through these offerings, Grab can offer a single end-to-end platform for the entire supply-side and demand-side. Grab Holdings Inc does not report any financial information, as it is registered in the Cayman Islands. Therefore, financial performance can only be determined via its subsidiaries.

Consumer - Grab's consumer segment focuses on fulfilling the needs of consumers. Grab offers services under the following titles: Transport, GrabPay, GrabFood, GrabExpress, GrabRewards, GrabGifts, and GrabInsure. Grab's transport segment includes GrabCar Pte Ltd, which, in the year end December 31, 2018, generated revenues of SGD 67.5 million (see GrabCar Pte Ltd's subsidiary page for more financial information). Grab's transport segment also includes GrabTaxi Pte Ltd, which, in the year end December 31, 2018, generated revenues of SGD 13 million (see GrabTaxi Pte Ltd's subsidiary page for more financial information).

Driver - Grab's driver segment focuses on the supply-side of its application. It enables individuals to earn money by providing transportation services of people, food (GrabFood), and through GrabExpress, items on demand. GrabFinance and GrabInsure are Grab's financial services tailored for drivers. GrabInsure provides tailored insurance plans for driver-partners, while GrabFinance acts as a micro-lender.

Merchant - Grab's merchant segment is designed to enable merchants to facilitate Grab's driver and consumer offerings with greater ease. GrabPay helps merchants simplify their daily transactions by accepting cashless payment. GrabFood lets merchants list their offerings on Grab's application and reach Grab's large number of users. GrabFinance provides micro-lending to merchants.

Enterprise - Grab's enterprise segment is varied in its offerings. Some of Grab's enterprise offerings include: GrabAds, which enables companies to purchase advertising space on Grab's physical delivery vehicles; GrabGifts, which enables companies to buy and customise Grab vouchers for customers, guests and employees; and GrabVenture, which is Grab's accelerator programme focused on growing startups.

Mergers and Acquisitions:

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