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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
Grab Holdings executives made significant share purchases as the stock traded near record lows. CEO and co-founder Anthony Tan bought 10.35 million Class A shares for approximately $29.9 million at a weighted average of $2.89 per share. President and COO Alexander Hungate purchased 299,571 shares for about $867,000 at a similar price. The Southeast Asian super-app operator, which provides ride-hailing, food delivery, and digital payments services, recently reported second-quarter revenue growth of 22% year-over-year to $997 million. Adjusted EBITDA rose 54% to $168 million. The company raised its full-year guidance and authorised an additional $750 million in share buybacks.
Grab Holdings has agreed to acquire a 60% stake in Singapore-based buy-now-pay-later platform Atome Financial for $1.49 billion. The deal, announced Tuesday, involves Atome's parent company Advance Intelligence Group and other parties. The acquisition will strengthen Grab's position in Southeast Asia's consumer lending market. The ride-hailing and delivery firm aims to expand beyond its app ecosystem through the deal, building out financial services as a new growth pillar. The purchase is expected to help Grab attract new customers whilst diversifying its revenue streams in the region.
Grab and GXS Bank have launched tools to support electric vehicle adoption among Singapore drivers. Grab will roll out an EV Charging Network feature by year-end, allowing drivers to locate chargers, check availability, and pay through the Grab Driver app after a September trial. GXS Bank introduced GXS AutoLoan, which uses data from Grab's ecosystem to assess driver creditworthiness. The loan offers up to 100% financing with repayment terms extending to 10 years for new electric or hybrid vehicles. Grab also launched a car marketplace featuring new vehicles from dealers and pre-owned vehicles from its GrabRentals fleet. These initiatives complement Grab's existing EV discount programme and align with Singapore's green transport objectives.
Chin Yin Ong, Chief Org Capability Officer of Grab Holdings Limited, sold 38,000 Class A Ordinary Shares for $130,340 on 3 September 2026. The sale was executed through a Rule 10b5-1 trading plan adopted nearly 10 months earlier, indicating routine liquidity rather than a reaction to recent developments. Following the sale, Ong retains approximately 3.6 million shares valued at $12.42 million. The transaction represented just over 1% of her holdings. Grab, Southeast Asia's leading super-app platform, reported revenue of $3.37 billion in the first half of 2026, up 20% year over year. The Singapore-based company operates across eight Southeast Asian markets, offering transportation, food delivery, and financial technology services through a unified digital platform.
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.
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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