Grab Holdings The super app that dominates Southeast Asia

What began as a university project at Harvard Business School in 2012 is now a tech giant with billions in sales: Grab Holdings - the super app for mobility, delivery services and digital payments in Southeast Asia.

🚕 From MyTeksi to the super app

Founded by Anthony Tan and Tan Hooi LingGrab (then called MyTeksi) with the aim of making cab travel in Malaysia safer. The idea: an app with GPS tracking that connects passengers with registered drivers. Today, Grab is much more than just a mobility service.

🔍 What does Grab do today?

Grab combines the functions of about, DoorDash, Instacart and PayPal - all in one app.

🚗 1. mobility - market leader in almost all countries

Over 5 million driver-partners
Services like GrabCar, GrabTaxi, GrabBike and much more.
Market shares:
🇲🇾 Malaysia: 97 %
🇵🇭 Philippines: 91 %
🇹🇭 Thailand: 85 %
🇻🇳 Vietnam: 67 %
🇮🇩 Indonesia: 50 % (competition with Gojek)

[1]. Rumors: Grab could take over Gojek - a recent USD 1.2 billion debt deal could be designed to do just that.

Mobility turnover (12 months): approx. USD 1.1 billion
EBITDA margin: approx. 55 %

🍔 2. delivery - largest sales driver

Combination of food delivery & Grocery Delivery
Market leader in all countries except Vietnam
Grab supports retailers with financing and is itself active in retail

Most important step:

2021 Takeover of Jaya Grocery (Malaysia) → strong growth in product range & platform effects

EBITDA margin: of -54 % (2022) to +14 %
Long-term target:
4% of GMV as EBITDA

📌 Conclusion:

Grab is much more than a ride-hailing service - it is an ecosystem for mobility, commerce and finance in one of the fastest growing regions in the world.

With a strong market position, growing profitability and potential expansion through acquisitions, Grab remains an exciting player.

My Youtube channel for more stock analysis: www.youtube.com/@Verstehdieaktie

[1] https://de.marketscreener.com/kurs/aktie/PT-GOTO-GOJEK-TOKOPEDIA-T-136037684/news/Indonesischer-Staatsfonds-erwagt-angeblich-Rolle-bei-Deal-zwischen-Grab-Holdings-und-GoTo-Group-50193611/

All-in-or-nothing@All-in-or-nothing

2Settimana

Is it great that the app dominates Southeast Asia, the company probably less so?🫣 When I look at the chart, it gives me the creeps ziemlich🤷🏼‍♂️🤣

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PikaPika0105@PikaPika0105

@All-in-or-nothing oh no the chart is red we will all die

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@PikaPika0105 It always depends on the entry point, but if someone is invested here from the beginning, it's a deep red. And the development of the last few years has also been rather mixed... for me simply not an investment and your comment quite überflüssig🤷🏼‍♂️ My opinion, doesn't have to be yours. But you can still remain objective😉

@All-in-or-nothing Irony is not for everyone. Of course it would be unpleasant if you had been invested from the start, no problem. However, I don't think your concerns, which are only based on the chart (at least that's how I understand it), necessarily make sense. Companies are evaluated on the basis of figures, facts, forecasts, market trends... The chart alone says nothing, as it is often detached from reality. Grab, like many companies, was completely overvalued at the beginning and that was changed. This is nothing special and Grab is not alone. The fall in the share price is therefore nothing negative, but rather the opposite, something positive. Now we can look at the operational development and discuss the arguments for and against the company. In this regard, I'm happy to say that your (first) comment was rather superfluous 🤷🏼‍♂️, because it has no content, doesn't address the post at all and indicates rather poor analytical skills. But, my opinion doesn't have to be yours, so all's well 😉

🌏 Grab Holdings: The super app that dominates Southeast Asia