"Grab Holdings ( NASDAQ:GRAB ) began as a ride-hailing service in Malaysia in 2012 to address taxi safety and efficiency issues. It expanded across Southeast Asia, acquiring Uber Technologies ' ( ) regional operations in 2018 to solidify its dominance in mobility. By 2019, Grab evolved into a super app, integrating food delivery, digital payments, and financial services like loans and insurance into one platform serving over 500 cities in eight countries."
"Earlier this month, Grab acquired Infermove, a Chinese artificial intelligence (AI) robotics firm founded in 2021, to enhance first- and last-mile delivery automation through solutions like autonomous delivery robots and mixed-road driving systems. Grab's investment aims to complement its delivery capabilities and fuel Infermove's growth, with the startup continuing operations independently under its founder."
"Grab bills itself as the "everyday everything" app. Its operations span mobility, deliveries, and financial services, forming an integrated ecosystem. Mobility, its original segment, generated $873 million in Q3 revenue, up 22% year-over-year, driven by 24% on-demand gross merchandise value (GMV) growth to $5.8 billion. This includes ride-hailing and emerging autonomous vehicle pilots, such as partnerships with WeRide ( ) for Singapore services starting this year."
"Deliveries, encompassing food and groceries, saw 23% revenue growth to $465 million last quarter, supported by advertising and the expansion of its GrabMart. Financial services, including GrabPay and lending, aim for a $1 billion loan portfolio by the end of 2025, with Q3 revenue contributing to overall adjusted EBITDA of $136 million, up 51% year-over-year."
Grab launched as a ride-hailing service in Malaysia in 2012 to improve taxi safety and efficiency. Expansion across Southeast Asia included acquiring Uber's regional operations in 2018. By 2019 Grab integrated ride-hailing, food delivery, digital payments, loans, and insurance into a super app serving over 500 cities in eight countries. The company acquired Infermove to accelerate first- and last-mile delivery automation with autonomous delivery robots and mixed-road driving systems while the startup remains independent under its founder. Q3 results showed mobility revenue of $873 million, deliveries revenue of $465 million, adjusted EBITDA of $136 million, and profitability achieved in 2025.
Read at 24/7 Wall St.
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