GRAB - Singapore, A startup success story
Grab was founded in 2012 by Anthony Tan (while he was in Harvard Business School) and Tan Hooi Ling, is the developer of the Grab super-app, which provides users with transportation, food delivery, and digital payments services via a mobile app.
Starting with the taxi business, Grab’s business model has now become a Super App concept that enables millions of people each day to access driver- and merchant-partners to order food or groceries, send packages, hail a ride or taxi, pay for online purchases, or access services such as lending, insurance, wealth management, and telemedicine.
Grab currently operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand, and Vietnam. It is Southeast Asia’s first decacorn and the biggest technology startup in the region.