KONTAN.CO.ID - SINGAPORE. Southeast Asia's Grab on Tuesday (6/5) launched Grab Ventures, its innovation arm to develop technology start-ups in sectors such as transport, food services, logistics and financial services, further expanding beyond ride-hailing. Grab, which made its start as a taxi-booking app six years ago, has ventured into areas including payments and food delivery. Earlier this year, it bought Uber Technologies' regional operations. "We have articulated our vision to be the everyday app of Southeast Asia, so we are interested in any tech that enables that vision in terms of becoming a complete O2O (online-to- offline) mobile platform," Chris Yeo, head of Grab Ventures, told Reuters.
Southeast Asia's Grab launches innovation arm to develop tech start-ups
KONTAN.CO.ID - SINGAPORE. Southeast Asia's Grab on Tuesday (6/5) launched Grab Ventures, its innovation arm to develop technology start-ups in sectors such as transport, food services, logistics and financial services, further expanding beyond ride-hailing. Grab, which made its start as a taxi-booking app six years ago, has ventured into areas including payments and food delivery. Earlier this year, it bought Uber Technologies' regional operations. "We have articulated our vision to be the everyday app of Southeast Asia, so we are interested in any tech that enables that vision in terms of becoming a complete O2O (online-to- offline) mobile platform," Chris Yeo, head of Grab Ventures, told Reuters.