Grab

Tech

Will Uber, Grab and Didi ever make money?

(Aug 21): For several weeks now, the focus of attention in the so-called sharing economy has been the internal turmoil at ride-hailing giant Uber, the largest startup in the world. From allegations of sexual harassment at the company and fracases with dri

Tech

NuTonomy hopes for 2Q18 launch of paid Singapore self-driving car rides

SAN FRANCISCO (Aug 18): US self-driving car startup NuTonomy hopes to launch a paid, commercial ride service in Singapore as soon as the second quarter of next year, NuTonomy Chief Executive Karl Iagnemma said on Friday.
GRab

SoftBank emerges as lead financier for Uber rivals

(July 25): Uber Technologies Inc. is at risk of losing out on another big chunk of the global market.

Update

Grab gets US$2 bil from SoftBank, Didi to fight Uber in Asia

(July 24): Grab raised US$2 billion ($2.7 billion) from Didi Chuxing and SoftBank Group Corp. in the largest–ever venture fundraising in Southeast Asia, joining forces with two companies instrumental in driving Uber Technologies Inc. out of China.

In print this week

Heavyweight stocks disrupted by new technologies, shifting consumer behaviour

SINGAPORE (June 17): New technologies and shifting consumer behaviour are destroying the reliable returns once offered by some widely owned heavyweight stocks.
Grab - by Bloomberg

Grab likely to raise funds in near future

(June 6): Ride-hailing firm Grab, Uber Technologies Inc's largest rival in Southeast Asia, is likely to embark on a round of fundraising as it works to develop new offerings such as financial services, its chief executive told Reuters on Tuesday.

Startups, Entrepreneurs, Digital economy

Temasek's venture arm Vertex to launch new Israel, US funds in 2018: CEO

SINGAPORE (May 26): Vertex Holdings, the venture capital arm of Singapore state investor Temasek Holdings, expects to raise two separate funds for investments in Israel and the United States in 2018 after deploying most of the capital of existing funds th

Grab brings back taxi-sharing

SINGAPORE (May 9): Grab the ride-hailing company, has announced that it is expanding GrabShare to include taxis, bringing taxi-sharing, which was first introduced in 1997, back to Singapore again.

In print this week

Why there is a 1-in-5 chance your next GrabHitch ride is a luxury car

SINGAPORE (May 5): Grab has more than 100,000 drivers in Singapore, nearly 50,000 of whom are GrabHitch drivers.

SMRT said to be in talks to sell taxi business to Grab

SINGAPORE (April 22): SMRT is in talks to sell its taxi business to ride-hailing app Grab, according to The Straits Times.
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