Services Provide by Grab
Grab, Southeast Asia’s leading super App offers a wide range of services:
- Ride-Hailing: Grab started as a ride-hailing service, providing a convenient and safe transportation option.
- Food Delivery: Grab delivers food from various restaurants to users’ doorsteps.
- Grocery Delivery: Users can order groceries and have them delivered at home.
- Parcel Delivery: Grab offers courier services for sending parcels.
- Financial Services: Grab provides a range of financial services, including digital payments, loans, insurance, and investment options.
- E-commerce: Grab has also ventured into the e-commerce space.
- Vehicle Rental: Grab offers vehicle rental services.
These services make Grab a one-stop solution for many everyday needs, from transportation and food to financial services and more.
Gen AI and Cloud Optimization Help Asian SuperApp Grab Turn a Profit
Grab, a leading Superapp in Southeast Asia has achieved a significant milestone by turning a profit for the first time in the fourth quarter of 2023. This accomplishment comes after the company implemented various cost-cutting measures and embraced generative artificial intelligence (Gen AI) to optimize its operations.
In Short
- Grab, the Asian SuperApp, reports its first-ever net profit.
- A 32% decline in cloud costs and an 18% reduction in total headcount contribute to the profit.
- Gen AI plays a crucial role in Grab’s success, reducing content generation time from 99 hours to just 90 minutes.