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Grab operates a multi-service platform in Southeast Asia, including ride-hailing, food delivery, and logistics. GrabExpress is its on-demand parcel delivery that lets customers and businesses send documents and packages via the Grab app, with up to 10 concurrent deliveries, real-time tracking, and islandwide coverage (with some restricted areas) from 9am to 6pm (often extending to 10pm). Revenue comes from delivery fees that depend on distance, time, and item type, and the service relies on a large network of delivery partners. Unlike specialists that focus on a single niche, GrabExpress sits within Grab’s all-in-one app to offer convenient, fast, and secure parcel delivery for individuals and businesses in the region.
Industries
Data & Analytics
Automotive & Transportation
Consumer Software
Enterprise Software
Company Size
10,001+
Company Stage
IPO
Headquarters
Singapore, Singapore
Founded
2012
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Total Funding
$14.6B
Above
Industry Average
Funded Over
24 Rounds
Hybrid Work Options
GXS Bank has launched a credit card in partnership with Grab and Singtel. Customers can apply through the GXS app, while Grab users can also apply via the Grab app. The first 1,000 customers ordering a physical card from 18 August at 12:00 Singapore time will receive a limited-edition version. Customer deposits are insured up to S$100,000 (US$78,000) by the Singapore Deposit Insurance Corporation. The launch follows rival digital bank MariBank's credit card offering tied to Shopee rewards, indicating credit cards are becoming standard products for Singapore's digital banks.
Grab reported record second-quarter results, with adjusted EBITDA surging 54% year-over-year to $168 million, marking the company's 18th consecutive quarter of growth. The margin expanded to 16.9% of revenue from 13.3% in the prior year. On-demand gross merchandise value (GMV) rose 21% year-over-year to $6.5 billion, or 22% on a constant currency basis. Monthly transacting users (MTUs) reached a record 54 million, despite elevated fuel prices across the region. CEO Anthony Tan noted the strong performance came as the company's EBITDA growth rate outpaced revenue growth by more than double. Based on first-half results and incorporating the consolidation of Superbank and acquisition of Stash, Grab raised its full-year 2026 guidance. The delivery and mobility platform serves Southeast Asian markets.
Grab reported a net profit of $252 million for Q2 2026, more than six times higher than the $35 million posted a year earlier. Revenue climbed 22% year-on-year to $997 million, with growth across deliveries, mobility, and financial services. The company hit a record 54 million monthly transacting users during the period. Financial services was the standout segment, with revenue jumping 59% to $134 million. Combined deposits across GXS Bank, GXBank, and Superbank reached $2.5 billion. Deliveries remained Grab's largest segment by revenue, up 21% to $531 million. Mobility revenue grew 12% to $331 million. CEO Tan Hooi Ling dismissed concerns about Uber's rumoured bid for Delivery Hero's Foodpanda business, noting Uber remains contractually barred from competing in Grab's core markets.
Grab, Southeast Asia's leading ride-hailing and delivery firm, raised its full-year revenue outlook to $4.10 billion–$4.15 billion and EBITDA estimates to $720 million–$740 million after reporting record second-quarter results. The company's revenue grew 22% year-on-year to $997 million, whilst operating profit jumped 186% to $19 million. CFO Peter Oey told CNBC that artificial intelligence has helped Grab ship products three times faster, improving margins and cost efficiency. The technology is now embedded across the company's products and operations. Grab saw rides increase 28% year-on-year in the second quarter. The company is working with regulators to complete its acquisition of Delivery Hero's foodpanda business in Taiwan, hoping to close the transaction in the second half of 2024.
Grab Holdings reported $997 million in revenue for the quarter ended June 2026, up 21.7% year-over-year. The figure came in slightly below the consensus estimate of $1 billion. EPS of $0.06 significantly exceeded the $0.01 estimate. The company's on-demand GMV reached $6.46 billion, surpassing the $6.41 billion analyst estimate. Deliveries GMV was $4.25 billion, beating expectations of $4.18 billion, whilst mobility GMV of $2.21 billion fell slightly short of the $2.23 billion estimate. Financial services revenue outperformed at $134 million versus the $126.02 million estimate. However, deliveries and mobility revenue came in below expectations at $531 million and $331 million respectively. Grab shares have declined 10.3% over the past month.
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Industries
Data & Analytics
Automotive & Transportation
Consumer Software
Enterprise Software
Company Size
10,001+
Company Stage
IPO
Headquarters
Singapore, Singapore
Founded
2012
Find jobs on Simplify and start your career today