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It seems to be popular in their market and continues to grow. The Free Cash flow is still negative. What does the company need to be profitable?
It seems to be popular in their market and continues to grow. The Free Cash flow is still negative. What does the company need to be profitable?
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@Maotian certainly. Grab is in a growth phase, as Amazon once was. It is not yet profitable, but for now their goal is to grow. It is a Grab ecosystem," which includes all of the company's products: GrabCar (personal cars), GrabBike (motorcycle cabs), GrabHitch (carsharing), GrabExpress (last-mile delivery) and "GrabChat," to enable easy communication between users and drivers. GrabChat translates messages in real time when driver and passenger use different languages. Most recently, Grabpay also came out to allow payment outside of Grab services. I used it in Brazil and Malaysia. All perfect and fast, with great rates.
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