Grab Holdings (GRAB)

Grab’s core activities are ride-hailing and deliveries, including food, grocery and parcel services. The platform connects consumers with driver-partners, delivery-partners, restaurants, retailers and other merchants, earning revenue through commissions, service fees and related platform charges. These mobility and delivery operations remain the company’s main revenue drivers and give Grab significant scale in dense urban markets where smartphone usage and digital commerce continue to expand.

The company also operates a financial services arm that includes payments, lending and other fintech products for consumers, drivers and merchants. While this segment is smaller than the core marketplace businesses, it reflects Grab’s broader strategy of using transaction data, wallet activity and merchant relationships to deepen customer engagement. Advertising has also become an additional revenue stream as merchants pay to improve visibility within the app.

Grab competes with regional and local platforms such as GoTo and Line Man Wongnai, as well as traditional transport and food-service channels. Its investment case is closely tied to Southeast Asia’s digital economy, urban mobility demand and the company’s ability to balance growth with profitability across multiple markets.