You are here

Grab buys Indonesia e-commerce startup Kudo

Acquisition sum is understood to be in the "high double-digit millions"

grab.jpg
Grab said on Monday that it has acquired Indonesian e-commerce startup Kudo to boost its digital payments capabilities in Indonesia. While the acquisition sum was undisclosed, The Business Times understands it to be in the "high double-digit millions".

Singapore

GRAB said on Monday that it has acquired Indonesian e-commerce startup Kudo to boost its digital payments capabilities in Indonesia. While the acquisition sum was undisclosed, The Business Times understands it to be in the "high double-digit millions".

This marks Grab's

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom