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Five years on, Grab wants to grab online-to-offline commerce next

Its exclusive partnership with CapitaLand sealed last year will boost O2O trade

Grab Freedom Day Cars.jpg
Ride-hailing company Grab on Friday announced it has secured debt facilities of up to US$700 million and signed an exclusive partnership with SMRT to build the "largest and most advanced (rental) fleet in Singapore".


GRAB - which has in the last five years evolved from a ride-hailing company to a mobile payments platform - plans to disrupt the online-to-offline (O2O) space next. Chief executive Anthony Tan announced the company's ambitions at its fifth anniversary event on Tuesday.


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