From ride-hailing to fintech: Grab’s journey in the fast lane

A file photo of a ‘GrabBike' motorcyclist using his mobile phone in Jakarta. As Grab’s transport business suffered during the pandemic, earnings from its food delivery service soared and now account for more than half of revenues, according to company executives. — AFP

SINGAPORE: Singapore-based Grab Holdings said on April 13 it plans a US listing after merging with the investment fund Altimeter Capital Management in an operation that values the firm at US$39.6bil (RM163.72bil).

Here are some facts about the company’s journey from humble beginnings as a taxi-booking app in Malaysia to a South-East Asian tech giant.