Grab, Southeast Asia's biggest start-up, is now valued at over $15 billion, Reuters reported in October, according to a source familiar with the matter. Gojek's worth has been estimated at $10 billion.
SINGAPORE: The CEO of Singapore ride-hailer Grab told employees in an internal note on Thursday that the firm is in a position to make acquisitions, following a report it is close to a merger with regional rival Gojek.
The two firms have made substantial progress in talks to merge Southeast Asia's two most valuable startups, Bloomberg reported on Wednesday.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
