Southeast Asia's Grab to offer mapping services to other firms in search for profit

FILE PHOTO: A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore March 21, 2019. REUTERS/Anshuman Daga

(Reuters) - Grab Holdings Ltd said on Wednesday it would offer its in-house mapping and location-based services to businesses, as Southeast Asia's No. 1 ride-hailing and food delivery firm chases profits.

GrabMaps, an internal mapping service used by the Singapore-based firm's drivers and delivery partners, is being pitched to businesses seeking hyper-local location solutions in the densely populated Southeast Asian countries.