Grab (MY/SG) | Running Till Empty | 3/5

Empires - An Asian Business Podcast

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Grab is often referred to as the "Uber of Southeast Asia." However, it's quickly becoming a super app on which one can manage a significant portion of their lives, including investing. By market share, they dominate Southeast Asia, controlling approximately 70% of all rides after Uber's exit. Grab's journey from a fledgling taxi application in Malaysia to being valued at nearly 40 billion, representing the largest SPAC IPO on record, is nothing short of astounding. In its rise, it not only defeated Uber but also became an indispensable app for the 700 million people in Southeast Asia. In EP 1, discover the experiences that left an indelible mark on Anthony Tan and Tan Hooi Ling, the founders of MyTeksi, which later became Grab. In EP 2, join the team as they get gritty, clawing their way to the top and vying for driver attention. In EP 3, witness the relentless battle between Uber and Grab as the team struggles to fend off the industry giant. In EP 4, learn about the pivotal investments that transformed Grab into a behemoth and the all-out war that resulted in the greatest cash burns in Southeast Asian history. In EP 5, hear from industry insiders who shed light on Grab's impact and significance in the region.

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