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Grab
Startups, Entrepreneurs, Digital economy
Grab receives additional US$300 mil investment from Invesco
SINGAPORE (June 27): Local ride hailing and financial e-services platform Grab has received an additional investment of US$300 million ($406.3 million) from existing investor Invesco.
June 27, 2019
Labour market
Singapore aims to create 10,000 tech jobs in three years
SINGAPORE (June 26): Singapore on Wednesday said it has plans to create up to 10,000 jobs in the technology sector over three years in an initiative to establish the city-state as a global hub for the industry.
June 26, 2019
Company in the news
Hyundai Motor scores additional hybrid taxi deal with ComfortDelgro
SINGAPORE (June 24): Hyundai Motor’s footprint is set to expand further in Singapore’s taxi market, as it receives an additional order for 2,000 Ioniq hybrid taxis from ComfortDelgro.
June 24, 2019
Fintech
Grab eyes Singapore banking licence as regulator studies virtual banks
SINGAPORE (June 17): Grab, Southeast Asia’s most valuable start-up, is exploring a move into Singapore banking as regulators in the city state consider allowing online-only banks into its market, four people with knowledge of the process say.
June 14, 2019
Fintech
Grab is said to have discussed buying payments startup 2C2P
(June 17): Singapore ride-hailing giant Grab held talks to acquire payments provider 2C2P Pte and was turned down, according to people familiar with the matter, a sign of the ambitions Southeast Asia’s most valuable startup has in financial services.
June 13, 2019
Fintech
Grab eyes Singapore banking licence as regulator studies virtual banks
(June 12): Grab, Southeast Asia’s most valuable startup, is exploring a move into Singapore banking as regulators in the Southeast Asian city-state consider allowing online-only banks, four people with knowledge of the process said.
June 12, 2019
Startups, Entrepreneurs, Digital economy
Recommend aims for permanent integration of offerings with Grab; on 'clear path' towards profitability
SINGAPORE (May 13): If there is one thing that internet and app-oriented start-ups track closely regardless of the industry they operate in, it is the conversion rate. This metric measures how much user traffic is translated into a desired action, for ins
May 13, 2019
In print this week
This startup plans to permanently integrate its offerings with Grab
SINGAPORE (May 10): If there is one thing that internet and app-oriented start-ups track closely regardless of the industry they operate in, it is the conversion rate. This metric measures how much user traffic is translated into a desired action, for ins
May 10, 2019
Disruption and Digitalisation
Grab explores spinning off financial services business: sources
SINGAPORE (May 8): Singapore-based ride-hailing company Grab has mandated a few banks to approach potential investors to take minority stakes in its financial services business as it looks to spin off the unit, according to two people familiar with the ma
May 08, 2019
Fintech
Grab enters micro lending and insurance businesses
SINGAPORE (March 19): Grab, which is known for its ride-hailing app, has introduced a range of financial services, following the launch of its Grow with Grab roadmap today.
March 19, 2019