Grab Acquires Uber's Southeast Asia Operations

Singapore-based ride-hailing company Grab officially announced that it has acquired Uber’s Southeast Asia operations.

Grab, which celebrated its five-year anniversary in 2017, plans to integrate Uber’s ridesharing and food delivery tech into its own existing multi-model transportation platform.

The acquisition includes Uber’s assets in Cambodia, Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. Additionally, Uber now holds a 27.5% stake in Grab and Uber CEO Dara Khosrowshahi will sit on Grab’s board.

The two companies are working together to seamlessly integrate Uber’s drivers and riders onto Grab’s app.

Comment On This Story

Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.


Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

6 Takeaways from the 2018 International Car Rental Show

Technological solutions are finally moving from reality to theory, peer-to-peer platforms are being redefined, China has the biggest room for growth, while Sixt’s U.S. aspirations have only just begun.

The Irony of Customer Service in the Digital Age

Sure, any company would jump at the chance to use technology to reduce labor costs. But it also comes with some big, red, flashing warning lights.

Market Forces Driving Car Rental in 2018

An analysis of the conference calls of Avis Budget Group and Hertz Global Holdings reveal trends and initiatives involving fleet right sizing, pricing, ancillary revenue opportunities, and renting to ride-hailing drivers.

Job Finder: Access Top Talent. Fill Key Positions.