Growth Drivers: Why Is Hyundai Investing In Ride-SharingSingapore’s self-driving cars can now be hailed with aGrab co-founder Tan Hooi Ling shares what her ride-hailing
Didi said the round could expand by $555 million more with input from other existing backers and new investors, too. A Grab representative confirmed that SoftBank 8767 s Vision fund is not part of the current commitment, it is coming from SoftBank Group Corp.
Growth Drivers: Why Is Hyundai Investing In Ride-Sharing
"It's about first having impact and executing something well before you move on the next thing," Tan said. But it is a delicate balance, according to Tan, because "if you're too focused, you'll stop innovating. But if you're too innovative, you'll lose your focus and won't get anything done."
Singapore’s self-driving cars can now be hailed with a
“You can imagine these guys, much like WeChat in China, beginning to move into more and more adjacencies until such time as your Go-Jek or your Grab app becomes your primary application that you do a range of services through,” said James Lloyd, Asia-Pacific financial technology leader at EY.
Grab co-founder Tan Hooi Ling shares what her ride-hailing
Prioritizing for Grab means deciding whether to roll out a new service in a single country first or in seven countries simultaneously, Tan said. It also means deciding whether to expand Grab's operations beyond Southeast Asia into bigger markets such as China and India - a question that Tan and her co-founder get asked a lot. Grab has always maintained that it has no plans to move beyond Southeast Asia.
Grab, which started as a taxi-hailing app firm and competes with Uber Technologies, has been expanding into financial services over the past two years, partly by acquiring companies.
It was also reported in September last year that Grab had invested in oBike, as part of a US$95 million ($59 million) funding round.
Grabcar s budget option. When you select an economy car, an everyday car with seating for up to 9 people will arrive to pick you up.