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Grab Holdings
STI watch
STI dips slightly despite Singapore factory output growth in November
Week-on-week, the STI gained 1.1% from 2,805.95.
December 07, 2020
Zest
MAS awards digital bank licences to two consortiums, two entities
Four licences to operate digital banks in Singapore have been awarded by the Monetary Authority of Singapore (MAS) today.
December 04, 2020
M&A
Grab makes foray into retail wealth management with acquisition of robo-advisory Bento Invest
With this acquisition, Bento will be rebranded as GrabInvest with products launched on the Grab app in the first half of the year in Singapore. GrabInvest will be the fifth core business vertical under Grab’s financial services arm, Grab Financial Group.
February 04, 2020
Startups, Entrepreneurs, Digital economy
Grab will invest US$150 million in AI to build regional super app
SINGAPORE (Sept 5): Southeast Asian ride-hailing startup Grab Holdings Inc intends to invest US$150 million ($207.5 million) into artificial intelligence research over the next year, accelerating its expanding business that now includes food delivery, dig
September 05, 2019
Commentary
Grab's bonfire of the vanities is just blowing smoke, says Bloomberg Opinion's Tim Culpan
(April 9): One sentence from Grab Holdings Inc. co-founder Anthony Tan sums up the outlook for the dumpster fire that is Southeast Asia’s increasingly toxic taxi wars.
April 09, 2019
Startups, Entrepreneurs, Digital economy
Grab sets sights on US$6.5 bil capital mark
SINGAPORE (April 8): Grab Holdings is expecting to rake in further US$2 billion ($2.71 billion) in funding to bring its total capital raised this year to US$6.5 billion, following its Series H round which saw SoftBank and other key strategic investors inv
April 08, 2019
Startups, Entrepreneurs, Digital economy
Grab secures US$1.46 bil in fresh capital from SoftBank Vision Fund
SINGAPORE (Mar 6): Grab Holdings Inc says it has secured US$1.46 billion ($2 billion) of fresh financing from Japan's SoftBank Group Corp to help fund its expansion.
March 06, 2019
Startups, Entrepreneurs, Digital economy
Grab pulls in US$2 bil funding; eyes Indonesia expansion
SINGAPORE (Aug 2): Grab Holdings today ended months of speculation and confirmed that it has raised US$2 billion ($2.7 billion) in a round of fundraising aimed at pushing Grab to be the leading technology player in Southeast Asia.
August 02, 2018