Grab Holdings Limited

Who owns Grab Holdings?
Grab Holdings is publicly traded on NASDAQ (GRAB) and owned by institutional investors, mutual funds, and individual shareholders. Co-founder and CEO Anthony Tan holds Class B shares with 45 votes per share, giving him effective voting control. SoftBank Group is a major institutional shareholder.

Is Grab publicly traded?
Yes, Grab Holdings Limited is publicly traded on NASDAQ under ticker GRAB. The company went public through a SPAC merger with Altimeter Growth Corp. in December 2021.

When was Grab founded?
Grab was founded in June 2012 by Anthony Tan and Tan Hooi Ling as MyTeksi, a taxi-booking app in Malaysia. The company rebranded as GrabTaxi in 2013 and then Grab in 2016.

What is Grab's revenue?
In FY2024, Grab reported revenue of approximately $2.8 billion, up 19% year-over-year. The company achieved its first full year of adjusted EBITDA profitability in FY2024.

What happened when Grab acquired Uber's Southeast Asian business?
In 2018, Uber sold its Southeast Asian operations to Grab in exchange for approximately 27.5% of Grab. The deal gave Grab a dominant position in Southeast Asian ride-hailing and removed its primary competitor. Competition authorities in Singapore fined both Grab and Uber for anti-competitive behavior following the transaction.

What countries does Grab operate in?
Grab operates in eight Southeast Asian countries: Singapore, Malaysia, Thailand, Vietnam, Philippines, Indonesia, Cambodia, and Myanmar.

Grab was founded in June 2012 by Anthony Tan and Tan Hooi Ling, who were classmates at Harvard Business School. The company was originally called MyTeksi and launched as a taxi-booking app in Malaysia. The founders identified that Southeast Asia's fragmented and unreliable taxi market represented a significant opportunity for a technology-enabled transportation platform.

The company rebranded as GrabTaxi in 2013 and expanded beyond Malaysia, launching in Singapore, Thailand, Vietnam, and the Philippines. The company's growth was rapid, driven by the region's large population, growing smartphone penetration, and underserved transportation market.

In 2014, Grab raised $15 million from SoftBank, marking the beginning of a long-term relationship with the Japanese technology conglomerate. SoftBank would go on to invest billions of dollars in Grab over the following years.

Grab rebranded as Grab in 2016, reflecting its expansion beyond taxi-hailing into private car services, motorcycles, and other transportation modes. The company also began expanding into adjacent services, launching GrabPay (digital payments) and GrabFood (food delivery).

In 2018, Uber Technologies sold its Southeast Asian operations to Grab in exchange for a stake in Grab. The deal gave Grab a dominant position in Southeast Asian ride-hailing and removed its primary competitor from the market. Uber received approximately 27.5% of Grab as consideration for the transaction.

Following the Uber deal, Grab accelerated its expansion into financial services, launching GrabFinancial Group to offer digital payments, lending, and insurance products. The company also expanded its delivery services, launching GrabMart for grocery delivery and GrabExpress for parcel delivery.

In 2019, Grab received a digital banking license in Singapore, allowing it to offer banking services through its Digibank subsidiary.

Grab went public through a SPAC merger with Altimeter Growth Corp. in December 2021, listing on NASDAQ under ticker GRAB. The transaction valued Grab at approximately $40 billion, making it one of the largest SPAC mergers in history at the time.

Following its public listing, Grab focused on improving profitability, reducing costs, and growing its financial services business. The company achieved its first full year of adjusted EBITDA profitability in FY2024.

In FY2024, Grab reported revenue of approximately $2.8 billion, up 19% year-over-year, driven by growth across its deliveries, mobility, and financial services segments.

Grab has implemented sustainability initiatives focused on environmental responsibility, social impact, and ethical business practices within the Southeast Asian technology ecosystem. The company recognizes its role in enabling digital transformation and is committed to reducing its environmental footprint while maintaining inclusive growth and responsible platform operations.

The company has invested in electric vehicle fleet expansion and sustainable delivery practices to reduce the carbon footprint of its transportation and logistics services. Grab's sustainability strategy includes promoting electric vehicle adoption among drivers, optimizing delivery routes for efficiency, and implementing energy-efficient operations across its technology infrastructure.

Grab maintains strong ethical standards for platform governance, including driver and rider safety protocols, fair competition practices, and responsible financial services delivery. The company's ethical framework includes comprehensive data protection policies, transparent fee structures, and responsible AI implementation in matching algorithms and service recommendations.

The company participates in regional sustainability initiatives and collaborates with government agencies and industry organizations to advance environmental performance across the Southeast Asian technology sector. Grab's sustainability reporting includes progress metrics on electric vehicle adoption, environmental impact reduction, and financial inclusion programs across its operating markets.

Grab has received recognition for its innovation in superapp technology and social impact:

• World Economic Forum Technology Pioneer: Recognition for innovation in digital transformation
• Forbes Asia's Most Innovative Companies: Multiple awards for superapp platform innovation
• Asian Technology Awards: Recognition for mobile technology and platform innovation
• Financial Inclusion Awards: Recognition for digital banking and financial services accessibility
• Sustainability Leadership Awards: Recognition for environmental initiatives and electric vehicle promotion
• Customer Experience Awards: Recognition for user experience and service quality
• Technology Leadership Awards: Recognition for superapp integration and digital ecosystem development
• Social Impact Awards: Recognition for community programs and driver support initiatives

These awards reflect Grab's commitment to technological innovation, social responsibility, and ethical business practices while maintaining its position as a leading Southeast Asian superapp platform.

Grab has faced regulatory scrutiny in multiple markets related to its market dominance in ride-hailing and food delivery. Following the acquisition of Uber's Southeast Asian operations in 2018, competition authorities in Singapore fined both Grab and Uber for anti-competitive behavior.

Grab has also faced scrutiny related to its treatment of drivers and delivery riders, who are classified as independent contractors rather than employees. Labor advocates have argued that this classification deprives workers of employment benefits and protections.