MELANY's data-driven read on Grab Holdings Limited Class A.
Grab, founded in 2012, provides ride-sharing, food and grocery delivery, and financial services (payments, consumer loans, and enterprise offerings) across eight Southeast-Asian countries through its mobile platform. It connects merchants and riders with consumers and charges commission to both sides. It holds a leading market share in and derives 89% of its revenue from its core ride-sharing and food delivery businesses, with Singapore, Indonesia, and Malaysia contributing more than 70% of revenue in 2024.
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