Y Combinator’s Garry Tan Goes to the MatRead more

Briefing
asia

Grab’s First-Quarter Sales Rise 39% Ahead of SPAC Merger

By
Juro Osawa
· · Source: The Information

Grab, Southeast Asia’s ride-hailing giant backed by SoftBank, said its adjusted net sales rose 39% to a record $507 million in the first quarter, as strong demand for food deliveries offset a sales decline in rides amid the pandemic. Its EBITDA loss narrowed to $111 million from $344 million. Grab’s latest quarterly results come as the Singapore-based company is trying to go public in New York...

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