@InsideGrab

News, insights & stories from a leading superapp driving Southeast Asia.

 Southeast Asia
grab.com/sg/press/
Joined July 2020
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We’re excited to partner with @insidegrab for a new @StriveBusiness program, boosting #MSME resilience in #SoutheastAsia 🇮🇩 🇵🇭 🇻🇳 Our micro-learning courses will equip drivers & merchants with the skills they need to compete in the #digitaleconomy. More 👉 news.mstr.cd/3MmoXmd
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“Addressable market; is this a big problem; are we the best ppl to solve it; can we leverage our assets? That's how we thought abt every next service we launched, while we improvd the unit economics of the total platform.” @AnthonyPY_Tan on @MorganStanley: grb.to/3CN5dF5

The Golden Age of the Super App? The Morgan Stanley Interview | Morgan Stanley

What’s behind the surging popularity of super apps? Morgan Stanley sits down with Anthony Tan, co-founder and CEO of Grab.

morganstanley.com
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Everyone seems to be talking about the concept of an “everything app”. Here’s what we’ve learned on our journey to building Southeast Asia’s leading #superapp (a thread):
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5/ We started building an optimisation into the platform in February, which we call Just in Time. ⏲ In the month of July, we saved about 12 million minutes from our network, when compared to February.
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6/ Our #superapp journey was guided by connecting complementary services, e.g. from food to grocery delivery. We are focused on solving real problems that affect many in our home of Southeast Asia. 🌏
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We're trialing quiet rides in Malaysia, and already rolled out the feature across Vietnam in September. How do you feel about chatting with your driver?
Lowyat.NET@LowyatNET30 Sep 2022
#Grab To Introduce #QuietRide In Malaysia: Currently On Trial In Selected Areas @GrabMY lowy.at/PogJk
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Quiet Rides are already live and public in the Philippines, and in Thailand, we call it Silent Mode 🤫
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Aaand, that’s a wrap! Follow @insidegrab for all the latest about Grab, here first.
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BREAKING 📢: We're expecting breakeven on a group adjusted EBITDA basis by H2 2024.
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Our CFO @peteroey is on stage to wrap up, by laying out how our strategy is translating to financial performance.
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3/ In 2023, we expect revenues to grow by 45-55% year-on-year on a constant currency basis. We have a strong revenue outlook for this year of $1.25B to $1.3B.
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4/ Building on our key segments: 1️⃣Maintaining our steady state margins in mobility of 12% 2️⃣Driving towards our 3%+ margins in deliveries 3️⃣Driving our path to profitability in GrabFin
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A snapshot of Southeast Asia's #gigeconomy: 78% of total employment in SEA is gig-based. Compare this to the US where only 19% of the workforce is engaged in informal employment.
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4/ Another challenge of gig work we want to solve: access to upskilling 🎓 >780,000 partners completed courses on GrabAcademy on digital and financial literacy in 2021.
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5/ @cherylgoh, Head of Sustainability and Marketing: "ESG holds us accountable to the things we care most about: 1. Longevity of gig work 2. Community safety 3. Environmental sustainability."
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