GRAB, a logistics solution company, announced the appointment of Shantanu Bhattacharya to head the HR vertical of the company. Shantanu has been in the corporate industry for over 20 years and has a long enriched career in Human Resources with various global MNCs and Indian conglomerates. He has acquired specific skills and competencies in HR…
Singapore-based ride-hailing company, Grab recently announced that it will be laying off 360 employees or about 5% of its workforce. The decision was announced by company Co-founder and CEO Anthony Tan in an internal letter to employees. However, putting speculations about more layoffs aside, a company spokesperson said that the company will not shut down…
Singapore-based ride-hailing unicorn Grab recently announced that it has appointed industry veteran Peter Oey as the company’s new Chief Financial Officer. In his new role, Oey will helm Grab’s finance operations, treasury, tax, procurement, and real estate and facilities department, according to a statement. Oey will be based in Singapore and report to co-founder and…
Gojek, an Indonesian ride-hailing and payments firm, has closed an additional $1.2 billion of funding recently, as per an internal memo reviewed by Reuters. The memo states that the company’s total funds stand at around $3 billion, and added it was still seeing “strong demand” among the investment community despite “turbulence within the tech investment…
Singapore-based ridesharing startup Grab, recently announced that it has raised more than $850mn from Japan’s Mitsubishi UFJ Financial Group Inc and TIS Inc. With the recent investment, the company plans to bankroll its expansion into financial services in the region. According to joint statements from the companies, the sum includes $706 million from Japan’s largest…
The Egyptian Competition Authority (ECA) said on Sunday it had approved ride-hailing group Uber’s acquisition of former regional rival Careem after the regulator agreed to a set of commitments proposed by the U.S.-based service. Uber bought Careem for $3.1 billion in March in a deal expected to close in January 2020. Careem will become a…
Singapore-based technology company, GrabTaxi Holdings Pte. Ltd. that offers ride-hailing, food delivery service through its app is in advanced discussions to invest $100 million (Rs 697.7 crore) in Indian hospitality chain OYO Hotels & Homes. The proposed investment is expected to be made through A1 Holdings Inc., an entity controlled by Grab, is a part of the OYO’s ongoing $1billion…