Millions of people across Southeast Asia rely on Grab for car and scooter rides as well as meal deliveries and digital financial services. The service disruption comes just weeks before the Singapore-based company is preparing to merge with Altimeter Growth Corp, the U.S. special purpose acquisition company of Brad Gerstner’s Altimeter Capital Management.
Disruptions with Grab Holdings Inc’s app dragged on for a second day as the Southeast Asia ride-hailing and delivery giant worked to recover from one of its worst service failures.
Some users in countries including Singapore, Malaysia and the Philippines were still reporting problems using the app more than 24 hours since outages started occurring. Grab, preparing to go public in one of the largest SPAC mergers, reiterated Wednesday that “core services” had been restored but issues remained.
