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 Singapore

Chope

Acquisition in 2024
Chope is a restaurant reservation platform that helps users discover and reserve dining options across multiple Asian cities through its website, mobile apps, and browser plug-ins. It offers two restaurant-facing products: a sophisticated table management system with customer relationship management features and a lighter browser-based platform, both providing real-time control over online availability. In addition to reservations, Chope provides diners with editorial content, menus, pricing, and operational information for listed restaurants and acts as a marketing channel through an active social media team and targeted offline initiatives. The service was launched in 2011 and is based in Singapore.

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.

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.

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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