Grab Holdings Limited
Southeast Asian ride-hailing and delivery platform operating in multiple countries, providing transportation, food delivery, and financial services.
Company Type
public
Founded
2012
Headquarters
Singapore
About 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.
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.
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.
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.
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.
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 operates in eight Southeast Asian countries: Singapore, Malaysia, Thailand, Vietnam, Philippines, Indonesia, Cambodia, and Myanmar.
History of Grab Holdings Limited
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.
Brands Owned by Grab Holdings Limited
Grab Holdings Limited owns 0 brands in our database.
Grab Holdings Limited Ownership: Pros & Cons
Advantages
- +FY2024 revenue of approximately $2.8 billion (+19% YoY) and first full year of adjusted EBITDA profitability demonstrate improving financial performance
- +Superapp model with ride-hailing, food delivery, and financial services creates high user engagement and multiple revenue streams
- +Market leadership in Southeast Asia's ride-hailing and food delivery markets
- +Southeast Asia's digital economy is one of the fastest-growing in the world, providing significant growth runway
- +Digital banking licenses in Singapore and Malaysia position Grab for growth in financial services
Considerations
- -Dual-class share structure gives founder Anthony Tan effective voting control, limiting minority shareholder influence
- -Competition from GoTo Group (Gojek/Tokopedia), Sea Limited, and other well-funded regional competitors
- -Regulatory scrutiny related to market dominance in ride-hailing and treatment of gig workers
- -Stock price has declined significantly from its SPAC listing price, reflecting investor concerns about profitability
- -Operating across eight countries with different regulatory environments creates compliance complexity
Frequently Asked Questions About 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.
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