Grab is not yet done as the ride-hailing app Grab has plans to expand into business ranging from health care to insurance to video streaming through big partnerships and raised funding.
In an interview with Nikkei Asian Review, Grab’s chief executive Anthony Tan teased that the company will “take the big partnerships and execute very well on these big partnerships”.
Tan said that Grab will launch an online health care service with Ping An across Southeast Asia this year and offer online insurance for app users and drivers under its partnership with China’s ZhongAn group. Together with Toyota, it will offer a vehicle support service. And Grab has just begun a video streaming service on the Grab app through a partnership with Singapore-based startup Hooq.
“There are many new services that haven’t been offered by anyone of this scale across Southeast Asia. We [will] leverage the capital, and all these investors’ interests [will] expand,” Tan said.
Founded in 2012, the Singapore-based start-up operates in most Southeast Asian countries providing services ranging from transportation to delivery to payment serving a regional population of about 650 million.
In 2018, Grab has acquired the business of its rival Uber. Since then, Grab aims to become a “super app” that will provide a myriad of services in a single app.
Tan said Grab’s expansion will “solidify our position as the regional super app of Southeast Asia.” Its biggest challenger, Indonesia-based Go-Jek, also claims to be a super app and began expanding overseas last year.