Just announced our plan to go public with
@altcap
! Super humbled that this is expected to be the largest U.S. equity offering by a SEA company. Even more honoured to represent our home region in the global public markets! 🙏
1/ Nasdaq:GRAB is now trading and Southeast Asia’s marketplace is open for business! This was
@Nasdaq
’s first-ever Bell Ceremony in SEA, and I was moved to celebrate this moment with the people who built Grab. Who gave us the chance to represent SEA on the global public markets.
Grateful to
@altcap
@chris_conforti
and team for your support in our
#IPO
journey, and your contributions to our
#GrabforGood
Fund. We couldn't have hoped for a better partner more aligned with our mission! 🙏
Today is an epic day for Grab. So thankful to everyone who helped us get here, & looking forward to continuing to create history with the Grab and Uber SEA team!
#onegrab
2/ Grab succeeds ONLY when Southeast Asia succeeds. We’ll work even harder to create economic empowerment for all. Grateful for
@altcap
’s donation of 10% in sponsor promote shares to our
#GrabForGood
endowment fund. Glad to have a long-term partner who shares our values!
Pleased to share a strong set of Q2 results today, with record GMV & Adjusted Net Sales. Our Superapp strategy is improving user retention & spend - GMV per transacting user increased 27% YoY.
📰 Grab this news while it’s hot:
@GrabSG
, Southeast Asia’s leading superapp for deliveries, mobility, and financial services, will go public in partnership with Altimeter.
Read Brad Gerstner (
@Altcap
) and
@AnthonyPY_Tan
's comments here:
Visited Jaya Grocer
@DC
Mall in KL. We're working towards completing our investment in Jaya Grocer, a leading supermarket chain in M'sia. Look fwd to learning from hands-on operators like the Tengs, and combining our expertise to offer even better grocery experiences to consumers!
1/ Back in Kuala Lumpur after two years to visit my family. First stop: Village Park Restaurant for nasi lemak - it’s a must have when anyone visits KL! Four years ago, the owners Datuk Shamil and Datin Aishah had to be convinced about how
#GrabFood
would grow their biz.
1/ Little Huat, Chloe & I wish you a Happy
#LunarNewYear
! 🍊🍊🧧 This cute tiger is a new
#GrabGifts
#AugmentedReality
feature to level up virtual gifting. Send GrabGifts across borders btwn Singapore, Malaysia, Indonesia, Thailand & the Philippines (& within cities in Vietnam)!
As more consumers shop for groceries online,
#GrabMart
merchants such as Farmers Market in 🇻🇳. are expanding their online biz to meet demand- & we’re excited to help them scale! Glad to hear from $GRAB drivers that pick-up is quick & they can hit the road to deliver more orders
Chatted w/ trainees from $GRAB Future Unicorn management trainee program in 🇻🇳. Surprised to hear >2,500 students applied for our 6 open positions. It’s great that so many youths are passionate to join us to build hyperlocal tech & have strong purpose to empower the community!
We hit 10 billion rides & orders on 4 July! In time to celebrate our 10th year. Someone in Jakarta was ordering their 1st GrabFood meal. Southeast Asia is still underpenetrated -we're super focused to help everyone participate in the digital economy here🙏
Launched GrabMaps today. New revenue opp ($1b/ year market opp in Southeast Asia), and significant cost savings as we become self-sufficient. This is years of work by our geo team - well done!
Ping
@apphil
if your company has hyperlocal mapping needs 🙂
Marking Climate Action Week with the launch of our new solar panel system on SATA CommHealth's rooftop. It'll generate 10% of their annual energy needs. Sustainability is our future, and we are pleased to work with
@SembcorpPower
and SATA to better our environment.
1/ Really excited that the $GRAB-led digibank consortium has been selected to receive a full
#digitalbanking
license in M’sia! Together with our S’pore digibank + acquisition of Bank Fama stake in Indonesia, our regional digibank plan is on track.
Chatted w
@satyanadella
at our monthly
#Grab
x
@Microsoft
Townhall on
#culture
. In his words “We don’t want to be know-it-alls, we want to be learn-it-alls.” Agree! As Grab grows, we'll keep at our Grab Way culture of experimentation+frequent feedback to keep improving.
Video ⬇️
Both
@Chris_Conforti
and
@altcap
have been such patient, enthusiastic & passionate mentors to
@grabSG
all this time. We couldn’t have asked for better partners. There’s so much more to learn from you. Look forward to doubling down on our partnership as we outserve Southeast Asia!
1/ Big day for Altimeter Capital Markets Platform -
@grabsg
is partnering with
@altcap
to go public as our first Founder’s IPO. Raised over $4B. We're thrilled to invest $750M alongside most respected tech investors. Resulted in best cap table I’ve seen across more than 100+ IPOs
One of the most impt part of
#Grab
's work (& closest to heart) is ensuring differently-abled individuals can gain financial + personal independence through platforms like ours. Here's how we're taking steady steps towards this goal:
I always look forward to partner discussion groups. Met with 11
#GrabFood
+
#GrabMart
merchant-partners at our S’pore HQ recently. Got insights like how delivery peak hours have shifted w/ more demand, which we'll use to build products that help them to grow their biz.
#kaizen
This is in Bonifacio Global City - the central business district of Metro Manila, Philippines. Happy to see so many
#Grab
drivers serving the area, whether it’s day or night! $GRAB
#GrabFood
#GrabMart
1/ Had the privilege of meeting with Deputy Prime Minister Le Minh Khai, Minister of Agriculture and Rural Development Le Minh Hoan, and Minister of Planning and Investment Nguyen Chi Dzung during my recent trip to Vietnam.
Demand for
#deliveries
is strong in SEAsia & we’re finding ways to fill demand gaps + speed up delivery to users thru our cloud kitchen & retail network.
#GrabMart
Kilat(“lightning”) in Indonesia for example delivers popular daily pdts like milk & eggs from dark stores in 30mins!
#Grab
President Ming Maa met Vietnam President Nguyen Xuan Phuc during his S’pore visit & discussed how $GRAB can continue to support
#DigitalTransformation
in Vietnam. Grateful for the Govt’s strong support & look fwd to many more yrs of close partnership
1/ $Grab Singapore is marching in this year's Singapore National Day Parade(NDP). A proud moment of recognition for us, and we’re grateful that DPM Heng Swee Keat and NTUC Secretary-General Ng Chee Meng came by to chat with our contingent participants of partners + Grabbers.
Thanks
@jchatterleyCNN
for the interview! Empowering driver-partners, multi-service OneGrab partnerships,
#digibank
expansion - $Grab is ready to grow with
#SoutheastAsia
in this post-pandemic recovery 💪
SE Asian superapp $GRAB driving into digital banking!
CEO
@AnthonyPY_Tan
talks accessible finance, empowering driver partners & tying up with brands like $MCD & $SBUX
@GrabSG
|
@firstmove
At the top floor of our 🇸🇬 headquarters sits
#GXSBank
, Singapore's upcoming digital bank! The team is working hard to put the touches together - for a delightful experience that opens up access to easy to understand & relevant financial services. Here's a quick office glimpse:
#GXSBank
is launched! It's a rethink of what banking could be, built to serve the unmet needs of underserved segments in
#Singapore
. GXS will provide daily interest on savings, for e.g.
#betterbanking
We're also building our digibanks in
#Malaysia
+
#Indonesia
- stay tuned 💪
10 years on, I'm still grateful to have a co-founder who's shared the same values & vision for the company since Day 1. As Ling said, Grab is about solving hyperlocal problems for
#SoutheastAsia
. See her video ⬇️
"Business for good means businesses who leave future generations better off." - Co-founder Hooi Ling spoke with
@EDBSG
on why Grab uses
#tech
to solve users' daily problems and help everyday entrepreneurs access better livelihoods.
#GrabForGood
1/ Took a family trip to Phuket & visited Khun Jeed Yodpak, a famous local noodles place. They've run for 30-40yrs & are now Michelin Guide! Eat there or get delivery only w
#GrabFood
. Khun Jeed told me sales grew >2x since joining $GRAB. Thanks for your partnership!
1/ Visited some
#GrabFood
merchants with
@alexhungate
in Thailand, incl 2 Michelin Guide Bib Gourmand restaurants: Guay Jub Mr Joe (crispy pork w rice noodle soup) & Krua Apsorn (Thai cuisine). Both are on the
@GrabTH
Thumbs Up program featuring popular eats 😋
#Grab
$GRAB
2/ We’ve come a long way but I will not lose sight of what this was all built on. The sheer hard work and heart of Grabbers. The dedication and grit of our driver- and merchant-partners. I’m so proud to work with all of you.
#DrivingSEAForward
#WeAreGrab
#Nasdaqlisted
I shared some start-up learnings with
#MUFG
employees participating in an in-house new biz incubation programme. MUFG is a key financial services partner of ours, and I look forward to seeing their impact-led ideas come to life 💪
1/ Spent a fruitful day meeting restaurant owners in Penang, a northern Malaysian state. One of my stops was Hameediyah, the country’s oldest nasi kandar eatery. After 115 yrs, crowds still flock to their stores - and now virtually on
#GrabFood
!
@GrabMY
1/ Thrilled to announce that we’ve completed the
#acquisition
of a majority stake in
@jayagrocer
, a leading supermarket chain in Malaysia. We’re confident this partnership will make on-demand
#groceries
more accessible for everyone & enable us to scale in this nascent space.
Our driver- and merchant-partners earned almost $9 billion through $GRAB in 2021. Thank you, Grabbers, for working tirelessly to help our partners grow, in another up-down pandemic year.
Other impact stats from our 2021 ESG report ⬇️
1/ Met the owners of Wildflour Cafe+Bakery, Pan de Manila & Happilee Korean Kitchen - 3 popular F&B businesses in the Philippines. Glad to hear that these local SMEs managed to expand their operations during the pandemic w
#GrabFood
! $GRAB
We've been working closely with the Indonesia Government for a few years now to drive
#electricvehicle
adoption. Excited to deepen our commitment to develop a greener transport network in the country w
@WRIIndonesia
& ITS Indonesia + support the
#G20Indonesia
agenda
@g20org
Honoured to have Transport Minister
@BudiKaryaS
join our
#EV
convoy in Bali, to mark our collaboration w
@WRIIndonesia
& ITS Indonesia to accelerate
#EV
adoption in Indonesia.
@GrabID
operates the largest ride-hailing EV fleet in the country, & we’re excited to do more!
We’re piloting intercity delivery btwn some Indonesian cities so
#GrabFood
/
#GrabMart
merchants can reach more customers. Agung Bali Oleh-Oleh is a popular gift store in Bali that sells souvenirs to ppl 1,000km away in Jakarta! Glad to hear $GRAB is their preferred online platform
Glad that our GrabBike driver-partners in Hanoi are busy again with motorbike ride-hailing restrictions lifted after 6 mths. Positive sign that our
#mobility
ops in Vietnam is continuing to recover from pandemic restrictions 💪
Brought board members John Rogers and Oliver Jay to Pasar Tomang Barat, a local wet market in West Jakarta. No better way to find out how $Grab is doing than being on ground and speaking to the very people we serve!
We hosted $GRAB's PayTech Southeast Asia 2022 Conference in MY, SG, and PH recently. I caught up with some of our SG-based integration + merchant-partners Shopify, Uniweb + Kydra. Thankful for the close partnerships, as we continue to build our e-payment solutions to drive biz.
A big thanks to Grabbers for achieving a strong Q2 in a difficult COVID-19 environment in Southeast Asia. Vaccinations will be key to recovery;I'm glad we've gotten many driver-partners vaccinated (higher than nat'l averages). We'll keep supporting govts to drive vax and recovery
1/ Visited 2 eateries that are THE places locals & tourists go to for babi guling (suckling pig): Warung Babi Guling Sari Dewi Bapak Dobil & Babi Guling Pak Malen. They’re of course on
#GrabFood
& I’m glad to hear the owners’ feedback on our reliable svcs + close partnership.
1/ We announced GrabScholar, a
#GrabforGood
programme, that will award scholarships + bursaries to >2000 students annually. Hope for everyone to have equal access to education, as we nurture the future workforce in Southeast Asia.
I’m not an engineer/designer but I love to read our Tech blog. An interesting read was how we designed faster
#GrabFood
checkouts using Clay Christensen’s Job to be Done framework. Result: merchants can create food bundles w 1 tap!
1/
@alexhungate
& I were in Thailand to meet
#Grab
partners. First stop: Delish Food, a popular
#GrabMart
merchant w a unique selection of hydroponics fresh produce straight from the farms! Love that local farmers can sell to online customers in the city via our app
@GrabTH
$GRAB
2/ Last year, we supported the country’s digital transformation initiatives, and even helped farmers sell 80 tons of lychees on $Grab when sales were impacted by lockdowns. I'm thankful for the trust, and look forward to more collaborations 🙏
Glad to join the regular catch-up btwn M’sia
#Transport
Minister
@weekasiongmp
& our local team. Great discussion on how
#Grab
can work even more closely w the Govt to provide convenient & safe services for commuters. Look fwd to our continued partnership.
1/ Went on ground to 5 SEAsian countries over 3 mths: 🇲🇾 > 🇹🇭 > 🇵🇭 > ID > 🇻🇳. The bustle is coming back as restrictions ease. The best sight: a sea of $GRAB green driver-partners on the road/ outside our merchants’ stores lining up to pick up food orders.
Last month, in recognition of our mobile marketing work, our in-house advertising solution
#GrabAds
was named Publisher of the Year at MMA_APAC's 2021 Smarties APAC awards!
#WEF18
in
#Davos
was an amazing experience - had the privilege of sharing
#grab
's vision of creating seamless multi-modal transportation on the panel of the 'Designing for Smart Mobility' session. Thankful for the new friendships established, and existing ones that were renewed.
I was food runner for a day at Buey Tahan See-Food last yr to understand our
#GrabFood
merchants' ops. Glad to hear they have opened another outlet since I last visited!
#Grab
$GRAB
Buey Tahan See-food (F&B merchant) saw revenues fall 50% due to Covid. But they got on
#Grab
, created their own campaigns + promotions through our marketing tools, and recovered.
#GrabFood
sales are >1/3 of their total revenue today. Read more:
1/ I’ve been catching up with Grab’s merchant-partners on how they are doing and how Grab can better support them. Met with Terry, owner of KyoChon Malaysia, a leading Korean fried chicken chain, to discuss how we can strengthen our partnership.
1/Had a good chat with Senior Minister
@Tharman_S
and Senior Minister of State Koh Poh Koon at Grab
@Tampines
, our latest one-stop centre for driver + delivery-partners in SG. We also engaged partners on their perspectives of platform work + the support they need.
Thank you so much! We’re humbled & blessed to have Brad
@altcap
as our partner, and to welcome many other top-tier investors into our family. We’re excited about the impact we can create together in Southeast Asia as we continue out-serving everyone in our ecosystem.
1/ GRAB! Southeast Asian leader in mobility (~Uber), Delivery (~Dash) and Payments (~Ant) going public at ~$40 B market cap on
@Nasdaq
via Altimeter Capital Markets platform. $AGC
@AnthonyPY_Tan
@Rich_Barton
@GrabSG
@Uber
Blessed
#Christmas
to all of you, near and far. Journey mercy for those travelling, may your Christmas be filled with peace, love, and joy. Excited for our first Christmas as a family of four!
Honoured to meet DPM, Somkid Jatusripitak of Thailand. Excited about the Govt's "Thailand 4.0" project. Looking forward to working with him and the Govt to provide safer, more affordable transportation while driving greater innovation to boost the Thai digital economy.
@dkhos
Welcome
@dkhos
to the Grab BoD, & for your vote of confidence in Grab. Looking forward to partnering with you & Uber to drive SEA forward!
#onegrab
We often get questions about what our Grab
#superapp
is all about. Our latest Corporate Profile is a good starting point for more information. Our ecosystem includes mobility, deliveries, digital financial services and much more - check out our new Enterprise section!
Ling and I founded $GRAB to provide safer rides in SEAsia. As our biz grows, we use tech to do this at scale. We’ve built a telematics engine that syncs w/ drivers’ phones to detect dangerous driving & trigger report/user support. How our team did it:
No
#Christmas
break for me. Just doing what I love and spending time with the team. Set off for Vietnam, a hotspot for tech talent in SEAsia. Many of them are at e Grab R&D Centre in HCMC. They're smart, young & hungry - perfect ingredients for many more great innovation!
I really admire the spirit & drive of our
#Grab
partners who work hard every day to create better lives for their families - like Hassan here, who’s one of our deaf delivery-partners in M’sia. Glad that $GRAB can play a part in their journey to greater financial independence.
In our new
#MillionsofFirsts
weekly series, our merchant and driver partners share their firsts with Grab. This week, Hassan from
#Malaysia
talks about how driving with Grab has helped him support his family financially, including buying a new home for him and his wife.
1/ As restrictions ease in SEAsia, it’s great that more ppl can gather for important occasions like tmr’s Hari Raya Puasa. Glad we launched intercity transport in Malaysia in time for the festival, so $GRAB users can easily book ferry/bus rides home.
Congratulations to
@GrabSG
official opening at one-north business park! From a ride-hailing platform, its journey of growth over the past 10 years has been an inspiring one.
@grabnewsroom
@anthonyPY_tan
1/Hosted dinner with close friends & partners on Day 1 of
#WEF22
. We discussed the SEA opportunity + learned more about ID/ MY/ SG govt focus areas. >2 years since the last
@wef
. I'm glad to meet on how we can play a role to steer post-pandemic global, regional + industry change.
Many of our partners are working over the festive period to deliver warm meals & on-demand items to our users. Really appreciate their hard work. Glad that some of them got to meet S’pore PM
@leehsienloong
ytd. Look fwd to
#LunarNewYear
celebrations with our partners soon!
Exchanged festive greetings and distributed goodie bags and hongbaos to our taxi drivers & food delivery riders this morning, on the eve of Lunar New Year. They are just some of the many workers that keep Singapore going day and night, rain or shine. – LHL
3/ Belle, our delivery-partner, shared how she gets teary-eyed as she’s representing our service to our local communities. Our marchers also represent the millions of partners and Grabbers who are committed to serving Southeast Asia every day. We’re proud to serve all of you!
2/ 🥘 Happilee grew from a home biz to a full-fledged delivery restaurant solely thru
#GrabKitchens
at 5 locations w/ more to come!
🧇 Wildflour launched 4 virtual brands that’s only on
#GrabFood
Signatures
🥯 Pan de Manila grew their new brand Merienda thru
#GrabKitchens
💪
🇮🇩 Dirgahayu RI 🇮🇩
Emang ajaib warga +62, modal "nekat" berani ubah takdir. Itulah Modal
#Percaya
Asli Tjap Indonesia!
Yuk,
#MerayakanIndonesiaPercaya
dgn kebersamaan, harapan & rasa
#Percaya
u/ Indonesia lebih baik. Pulih lebih cepat, bangkit lebih kuat!
#PercayaIndonesia
Proud of the all-of-Grab discipline in execution. We have shown we can deliver sustainable growth, pulling forward our breakeven timelines for our core food and overall deliveries segment and narrowing our 2022 revenue guide to the upper end of our previously announced range.
I flew to Bali last week & was excited to see that the flight was full. More people are travelling again and our $GRAB driver-partners are ready to serve visitors at airports all across
#SoutheastAsia
!
Borders are fast reopening in
#SoutheastAsia
. Here's a snapshot of our driver-partners in airports welcoming passengers. Best part? With our regional
#superapp
, you can use the same single Grab app to book a ride in most Southeast Asian countries you're in 💚
We marked Kartini Day (🇮🇩 Women's Day) by celebrating our female leaders + driver/ merchant-partners with these photos. >60% of our 🇮🇩 merchant-partners are women, and our diverse team will help us build better services for the communities we serve 💚
@jrichlive
Hey
@jrichlive
, we can’t thank GGVC enough for journeying with Grab through so many years. Grab couldn’t have come so far without great partners and friends like yourself cheering us on.
2/ It’s also mango season in 🇹🇭 & we had mango sticky rice w/ our team at another
#GrabFood
eatery Khanom Thai Chaowang. Heard there’s been a craze over this local dessert since
@millimdk
had it at her Coachella performance. The owner shared sales for the dish grew >2x - wow!🥭
1/ ☕ Excited to announce our partnership with Starbucks, the latest of many global brands that've recognized how our
#superapp
's multiple solutions can help them deliver a more seamless & convenient experience to Southeast Asian customers. Read more:
2/ On top of serving freshly made dishes for dine-in/ deliveries, the owners also sell frozen products in Bali & other cities. We’re excited to support them w/ $GRAB’s suite of
#deliveries
svcs & bring them on
#GrabExpress
/
#GrabMart
so even more ppl can enjoy this Bali delicacy.
#Grab
President Ming Maa spoke with
#EvercoreISI
's Mark Mahaney on how our unique
#superapp
strategy is key to unlocking the vast market opportunity in
#SoutheastAsia
.
Summary of discussion points 👇🏼
Full fireside chat here:
Key discussion points 👇:
✅:Recovery in Mobility & ridership
✅:
#Deliveries
strategy to remain robust post-Covid
✅:Clear benefits across stakeholders with Grab's multi
#superapp
strategy
✅:
#Grabpay
to expand ecosystem & support merchant partners
Few weeks ago, I paid for my dessert using GrabPay (). Ystd, I met part of the team (Grabbers at our Bangalore R&D centre) who made it possible. Big shout out to everyone involved - TY for working incredibly hard over the past few months to rollout GrabPay.
1⃣>6 in 10 Southeast Asians un/underbanked
2⃣>60% MSMEs surveyed can’t get loans they need
#FinTech
co. like
#Grab
can help bridge the divide & partner govts to drive cashless, finlit & governance frameworks. Great insights from Kell Jay, our fintech head:
2/ Our goal: make banking as easy as ordering food delivery.
We’ve already started work since we were selected for the license in S’pore, and are building a scalable tech stack that will enable us to roll out digibanking services across the region efficiently.
3/ I also had a chat w Delish Food owner Ms Aimkamol. Glad to hear that being on
#GrabMart
has enabled them to grow their biz even when offline sales fell during lockdowns. Look fwd to an even closer partnership to help improve their ops w our tech + support more Thai farmers!