Grab makes play for startups to expand foothold in S-E Asia

Singapore

GRAB is making a play for South-east Asian startups in a bid to further expand its foothold in the region, amid anti-competition probes after it announced last week that it will acquire rival Uber's regional business.

Through its new concept - Grab as a Platform - it will fund and support startups whose solutions have synergies with its various offerings, including transport, safety, payments and financial services. These startups will be able to tap Grab's platform to scale, such as by leveraging its user base or e-wallet tool for their own platforms.