Grab Has Ambition to Become Platform Online to Offline Largest in Southeast Asia

INDUSTRY.co.id - Jakarta - Online transport platform, Grab officially acquires Uber shares in Southeast Asia of 25 to 30 percent with a total business value of USD 6 billion. Grab's management is ambitious to be Southeast Asia's largest mobile-based online to offline platform.

"This acquisition is a milestone in the commencement of a new era. Together with Uber we are in an increasingly precise position to fulfill our commitment to provide the best service to consumers," Co Founder Grab Anthony Tan said in a press release to media crew on Monday (26/3/2018).

All Uber services within Southeast Asia will further integrate with the Grab ecosystem. Grab took over all of Uber's assets in Indonesia, Cambodia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

The two companies are working together to facilitate migration of driver partners, merchant partners, and Uber customers into the Grab platform.

Meanwhile, CEO Uber Dara Khosrowshahi said Uber will continue to operate its application over the next two weeks to ease the migration process of Uber's partners. However, the Uber driver's partner still needs to follow the re-registration as a Grab partner online through the page www.grab.com/id/comingtogether

The Uber Eats service remains available until the end of May. After that, Uber partner partners and restaurants moved to the GrabFood platform. Grab also targets GrabPay's digital wallet service to be available in all countries in Southeast Asia from late 2018.