Grab

News, insights & stories from a leading superapp driving Southeast Asia.

[Mastercard APAC @MastercardAP]

We’re excited to partner with @insidegrab for a new @StriveBusiness program, boosting #MSME resilience in #SoutheastAsia 🇮🇩 🇵🇭 🇻🇳 Our micro-learning courses will equip drivers & merchants with the skills they need to compete in the #digitaleconomy. More 👉 https://t.co/DeAB69uyeM

[Grab @InsideGrab]

“Addressable market; is this a big problem; are we the best ppl to solve it; can we leverage our assets? That's how we thought abt every next service we launched, while we improvd the unit economics of the total platform.” @AnthonyPY_Tan on @MorganStanley: https://t.co/scFBP5ns63

[Grab @InsideGrab]

@Stephen_Isaac07 Hope you're liking our new Quiet Ride feature ��

[Grab @InsideGrab]

6/ Our #superapp journey was guided by connecting complementary services, e.g. from food to grocery delivery. We are focused on solving real problems that affect many in our home of Southeast Asia. 🌏

[Grab @InsideGrab]

Everyone seems to be talking about the concept of an “everything app”. Here’s what we’ve learned on our journey to building Southeast Asia’s leading #superapp (a thread):

[Grab @InsideGrab]

5/ We started building an optimisation into the platform in February, which we call Just in Time. ⏲ In the month of July, we saved about 12 million minutes from our network, when compared to February.

[Grab @InsideGrab]

@Mai_Li_Thai Thank you! GrabMaps is constantly improving, thanks to crowdsourcing from our driver and delivery-partners.

[Grab @InsideGrab]

Quiet Rides are already live and public in the Philippines, and in Thailand, we call it Silent Mode 🤫

[Grab @InsideGrab]

We're trialing quiet rides in Malaysia, and already rolled out the feature across Vietnam in September. How do you feel about chatting with your driver?

[Lowyat.NET @LowyatNET]

#Grab To Introduce #QuietRide In Malaysia: Currently On Trial In Selected Areas

@GrabMY

https://t.co/qnetQ2rHq1

[Grab @InsideGrab]

@roshan_menon I See You Baby 🎵

[Grab @InsideGrab]

Aaand, that’s a wrap! Follow @insidegrab for all the latest about Grab, here first.

[Grab @InsideGrab]

BREAKING 📢: We're expecting breakeven on a group adjusted EBITDA basis by H2 2024.

[Grab @InsideGrab]

4/ Building on our key segments:
1️⃣Maintaining our steady state margins in mobility of 12%
2️⃣Driving towards our 3%+ margins in deliveries
3️⃣Driving our path to profitability in GrabFin

[Grab @InsideGrab]

Our CFO @peteroey is on stage to wrap up, by laying out how our strategy is translating to financial performance.

[Grab @InsideGrab]

3/ In 2023, we expect revenues to grow by 45-55% year-on-year on a constant currency basis. We have a strong revenue outlook for this year of $1.25B to $1.3B.