{"id":3691,"date":"2016-09-23T10:30:35","date_gmt":"2016-09-23T10:30:35","guid":{"rendered":"https:\/\/blog.carro.sg\/?p=3691"},"modified":"2025-11-05T17:32:45","modified_gmt":"2025-11-05T09:32:45","slug":"grab-gearing-expansion-new-partnership","status":"publish","type":"post","link":"https:\/\/carro.co\/sg\/blog\/grab-gearing-expansion-new-partnership\/","title":{"rendered":"Grab Gearing For Expansion with New Partnership"},"content":{"rendered":"Grab, Southeast Asia-based ride-hailing company, and\u00a0Trans-cab, Singapore\u2019s second largest taxi operator, announced at the beginning of the month that they would be forming a partnership to bring all\u00a0Trans-cab drivers onto the Grab platform.\r\n\r\nThe partnership is Grab\u2019s first with a taxi operator and\u00a0will see approximately 7,000 Trans-cab drivers using the Grab mobile app exclusively to serve\u00a0on-demand passenger bookings.\r\n\r\nTrans-cab drivers will have immediate\u00a0access to Grab\u2019s passenger base and technology that enables the efficient matching of\u00a0passengers and drivers. Similarly, Grab\u2019s passengers will find it even easier to get a ride now\u00a0through Grab\u2019s expanded network of drivers.\r\n\r\nAs part of the onboarding process, new Trans-cab Drivers will undergo trainings to help them\u00a0familiarise with the Grab app, learn about Grab\u2019s safety guidelines and expected code of conduct.\r\n\r\nTo further facilitate the onboarding process, Grab will provide subsidised smartphones to drivers\u00a0as part of the company\u2019s ongoing efforts to reduce operating costs for drivers.\r\n\r\nGrab currently has the largest land transport network in Singapore and the widest range of\u00a0transportation services including GrabTaxi, GrabCar and GrabHitch.\r\n\r\nLast year, Grab Singapore reported US$10.2million in revenue but a whopping US$39.8 net loss.\u00a0To break even, it\u2019ll need to grow its revenue five fold this year, assuming operational and marketing costs stay the same. With this partnership, operational costs are likely to dampen their losses. Profitability is said to be less of an issue, as\u00a0Grab has continued its aggressive growth throughout Southeast Asia with presence in 26 cities across 6 countries, including Malaysia, Singapore, Indonesia, The Philippines, Thailand and Vietnam. Its dominant presence in other Southeast Asian countries will propel its growth in the near future.\r\n\r\nFurthermore, earlier last month,\u00a0Grab announced its largest ever funding of over US$350 million, from Coatue Management, L.L.C., a US investment firm that invest in technology worldwide, China\u2019s sovereign wealth fund, China Investment Corporation, and Didi Kuaidi, along with support from existing shareholders.\r\n\r\nThis brings GrabTaxi\u2019s total funding to approximately US$700 million and makes it one of the best funded startups in the history of Southeast Asia.\r\n\r\n \r\n\r\n \r\n\r\nSource: e27<\/a>","protected":false},"excerpt":{"rendered":"

Grab, Southeast Asia-based ride-hailing company, and\u00a0Trans-cab, Singapore\u2019s second largest taxi operator, announced at the beginning of the month that they would be forming a partnership to bring all\u00a0Trans-cab drivers onto the Grab platform. The partnership is Grab\u2019s first with a taxi operator and\u00a0will see approximately 7,000 Trans-cab drivers using the Grab mobile app exclusively to …<\/p>\n","protected":false},"author":2,"featured_media":3779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[727],"tags":[],"class_list":["post-3691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-announcements"],"_links":{"self":[{"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/posts\/3691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/comments?post=3691"}],"version-history":[{"count":1,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/posts\/3691\/revisions"}],"predecessor-version":[{"id":16564,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/posts\/3691\/revisions\/16564"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/media\/3779"}],"wp:attachment":[{"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/media?parent=3691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/categories?post=3691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/tags?post=3691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}