Grab

Grab is a Southeast Asia-based mobile platform that integrates ride-hailing, food and grocery delivery, and financial services, connecting drivers, merchants, and customers through a single app. It operates in Singapore, Indonesia, the Philippines, Malaysia, Thailand, Vietnam, and Myanmar, and holds a leading market share in ride-hailing and food delivery, with 89% of revenue derived from these core businesses. The company also offers payments, consumer loans, and enterprise financial services. It charges commissions to both riders and merchants as it links them with consumers. Founded in 2012 by Anthony Tan and Tan Hooi Ling, Grab is headquartered in Singapore and maintains offices in Seattle, Beijing, Bangalore, Jakarta, and Vietnam. In 2024, Singapore, Indonesia, and Malaysia together contributed more than 70% of revenue.

Mike Chang

Fleet Acquisition Director

Neneng Goenadi

Country Managing Director

Past deals in ASEAN

GXS Bank

Corporate Round in 2024
GXS Bank is a digital banking institution based in Singapore that focuses on providing innovative financial solutions for everyday consumers and small businesses. Its primary aim is to enhance the banking experience by offering a range of digital banking services designed to meet the financial needs of its clients. By leveraging technology, GXS Bank seeks to empower users to manage their finances more effectively and efficiently.

Vidio

Venture Round in 2022
Vidio is a video-sharing platform that enables users to upload, watch, and share a diverse array of videos at their convenience. It provides a comprehensive library of both live and on-demand content, featuring Indonesian and international films, dramas, e-sports, anime, and educational materials. In addition to its extensive catalog, Vidio produces original Indonesian series and broadcasts a variety of live sports events, catering to a wide audience interested in both local and international programming. The platform is designed for over-the-top (OTT) streaming, allowing users to enjoy television shows and live broadcasts from anywhere at any time.

Jaya Grocer

Acquisition in 2021
Jaya Grocer is a supermarket chain based in Kuala Lumpur, Malaysia, specializing in a diverse selection of fresh products and household goods. The company offers a wide range of imported items, fresh produce, and groceries, catering to health-conscious customers with seasonal food products and organic, gluten-free options. Jaya Grocer aims to provide quality food products and essentials, ensuring that customers can meet all their household needs in one convenient location.

Bareksa

Series C in 2021
Founded in 2013, Bareksa is an Indonesian investment platform facilitating online transactions for mutual funds, state bonds, and Umrah plans. It offers data services, news, analysis, and investment tools to support users' decisions.

Emtek Group

Post in 2021
Emtek Group, established in 1983 as PT Elang Mahkota Teknologi, has transformed from a provider of personal computer services into a diversified conglomerate with three primary business divisions: Media, Telecommunications and IT Solutions, and Connectivity. The Media Division operates two prominent free-to-air television channels, SCTV and O Channel, with SCTV being one of Indonesia's leading channels, reaching over 160 million viewers across more than 240 cities. The Solutions Division delivers a comprehensive range of infrastructure and technology services, catering to the telecommunications, banking, and retail payment sectors. This includes solutions for integrated VSAT, smart card infrastructure, and the distribution of telecommunications services, positioning Emtek Group as a significant player in Indonesia’s digital and media landscape.

LinkAja

Series B in 2020
LinkAja is a mobile payment platform that simplifies financial transactions for consumers in Indonesia. By offering an integrated e-wallet service, LinkAja facilitates seamless payments for everyday necessities, such as data top-ups, electricity tokens, fuel purchases, and public transportation. The company collaborates with various state-owned enterprises to enhance its ecosystem, aiming to promote financial inclusion and support the national non-cash movement. Through its user-friendly platform, LinkAja strives to meet essential consumer needs while contributing to the broader goal of modernizing financial services in the region.

KliknClean

Seed Round in 2020
KliknClean is a professional cleaning service provider operating in Indonesia. It offers general and specialized cleaning services for both residential and commercial clients, aiming to maintain hygienic environments while ensuring customer satisfaction.

Luna POS

Seed Round in 2020
Luna POS offers a cloud-based Point of Sale (POS) system for small and medium-sized enterprises in Indonesia. It provides features such as inventory management, cashier services, and accounting solutions to help businesses efficiently manage sales, track stock, calculate transactions, and monitor financial statements.

Printerous

Series A in 2020
Founded in 2012, Printerous is an online platform specializing in printing services for both personal and business needs. It offers a wide range of printed products, including business cards, calendars, banners, brochures, posters, clothing items, and promotional goods. Serving corporate clients, the food and beverage industry, and event sectors, Printerous streamlines the printing process by providing cost-efficient, time-saving solutions with accessible management features.

Bento

Acquisition in 2020
Bento is a Singapore-based provider of digital wealth solutions designed for banks, asset managers, insurers, and brokers. Launched in October 2016, the company offers a B2B2C SaaS platform that enables financial institutions to deploy digital wealth management services with minimal capital expenditure and a swift time to market. Recognized as a leader in the WealthTech sector, Bento's modular, white-labeled solution encompasses various functionalities, including client onboarding, portfolio construction, risk management, portfolio review, and client reporting. These tools support financial advisors and facilitate direct client engagement through DIY options. The platform's reporting capabilities allow for systematic portfolio reviews and encourage asset top-ups, positioning Bento as a key player in the growing wealth and asset management market, which has a profit pool exceeding US$300 billion.

HappyFresh

Series C in 2019
HappyFresh is a leading online grocery company based in Jakarta, Indonesia, with operations extending to Malaysia and Thailand since its establishment in 2015. The company aims to simplify the grocery shopping experience by providing a platform where customers can order groceries from local stores and have them delivered directly to their doors. With a focus on high-quality service, HappyFresh employs trained personal shoppers who ensure that customers receive fresh and carefully selected products. This approach alleviates the challenges associated with traditional grocery shopping, such as parking, navigating aisles, and carrying heavy bags, allowing customers to save time and enjoy a more convenient shopping experience. HappyFresh has gained recognition as one of Asia's best companies to work for, reflecting its commitment to both customer satisfaction and employee welfare.

Kudo

Acquisition in 2017
Kudo is an Indonesian technology company founded in 2014, based in Tangerang, that focuses on enhancing the e-commerce and payment markets in Indonesia. It develops a platform that integrates offline and online shopping experiences by installing kiosks in various locations such as malls, universities, and convenience stores. These kiosks enable customers to purchase game vouchers, discount vouchers, and cellphone balances without the need for credit cards. Kudo's team comprises skilled professionals with backgrounds in prominent global technology and management consulting firms, contributing to its innovative approach in the sector. In 2017, Kudo was acquired by GP Network Asia Pte. Ltd., further expanding its capabilities and reach in the market.
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