Top 50 largest internet companies in the world 2022 (P.47) Grab Holdings: Biggest technology startup in South East Asia


( As of April 2021, Grab is reported to have more than 214 million app downloads and operations in more than 400 cities.

Grab Holdings Inc., commonly known as Grab, is a Singaporean multinational technology company. It is the developer of the Grab super-app, which provides users with transportation, food delivery and digital payments services via a mobile app. Grab currently operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand and Vietnam. It is Southeast Asia's first decacorn, and the biggest technology startup in the region.

Founded by Anthony Tan and Tan Hooi Ling in 2012 as the MyTeksi app based in Kuala Lumpur, Malaysia, it expanded the next year as GrabTaxi. It has since expanded into other services, following the super-app model.

GrabTaxi expanded to the Philippines in August 2013, and to Singapore and Thailand in October of the same year. In 2014, Grab in partnership with HDT Holdings, introduced 100 BYD e6 electric taxis in Singapore to form the biggest e-taxi fleet in Southeast Asia. GrabTaxi further continued its growth and expansion to new countries: first launching in Ho Chi Minh City, Vietnam, in February, and Jakarta in Indonesia in June. In May, the company launched GrabCar as an alternative form of transportation that uses personal cars instead of taxis through a licensed partner in an effort to overcome the lack of public transportation during peak hours. In November, GrabTaxi launched its first GrabBike service in Ho Chi Minh City as a trial service. By 2015, GrabBike's motorcycle service rides had spread throughout Vietnam and Indonesia.

The Grab app assigns taxis and private hire cars to nearby commuters through a location-sharing system. Grab has a food delivery service GrabFood and on-demand delivery services GrabExpress, GrabMart and GrabAssistant. Grab's fintech services include payments, insurance, micro-investment and financing to consumers, micro-entrepreneurs and small businesses through its Grab Financial Group. Grab has a B2B marketplace with ads creation and business insights tools via GrabMerchant. It also has a B2B service called GrabDefence, which was developed as a fraud detection and prevention toolkit to third parties.

As of April 2021, Grab is reported to have more than 214 million app downloads and operations in more than 400 cities.


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