Tag: Grab
BRI Ventures Closes Tech Fund US$21M from Malaysia’s Grab, Others
JAKARTA (TheInsiderStories) - BRI Ventures, the venture capital armed of state lender, PT Bank Rakyat Indonesia, is reported had completed the first technology fund of Rp300...
Supporting EV Development, PLN Partnering with Hyundai to Grab
JAKARTA (TheInsiderStories) - Power producer, PT Perusahaan Listrik Negara (PLN) signed a memorandum of understanding with South Korea Hyundai Motor Co., China' Wuling Motors, Malaysia' Grab...
Alibaba Group Willing to Acquires Uber’s Shares in Grab
JAKARTA (TheInsiderStories) - Alibaba Group Holding Ltd., is reported willing to bought Southeast Asian ride-hailing provider, Grab Holdings Inc., from Uber Technologies Inc., a global media...
Indonesia’s GoJek and Grab Holdings in Merger Taks
JAKARTA (TheInsiderStories) - Southeast Asia' largest online transportation apps, PT Aplikasi Bangsa (GoJek) and Malaysia' Grab Holdings Inc., in merger talks, global media reported on Monday...
Singapore’s Workmate Raises US$5M Series A Round
JAKARTA (TheInsiderStories) - Singapore-based start-up company, Workmate, has raised US$5.2 million in its Series A financing round, led by Atlas Ventures and Gobi Partners,...
Develope Charging Station, PLN Invites GoJek, Grab, Bluebird
JAKARTA (TheInsiderStories) - Indonesia’ state-owned, PT Perusahaan Listrik Negara (PLN) and two digital player Grab and GoJek, have signed a memorandum of understanding (MoU) to build...
Indonesia’s StickEarn Raises US$5.5M Series A Funding led by East Ventures,...
JAKARTA (TheInsiderStories) — StickEarn, a leading Indonesian offline-to-online advertising technology company, has closed Series A round of funding of US$5.5 Million, said the management today (10/15)....
US’s Weyland Tech will Acquire AtozPay, AtozGo Shares
JAKARTA (TheInsiderStories) - Weyland Tech Inc. (OTCQX: WEYL) has exercised its option to acquire 31 percent beneficial ownership of PT Weyland Indonesia Perkasa (WIP), owner and operator of...
East Ventures Closes US$75M Sixth Fund to Focus on Indonesian Startups
JAKARTA (TheInsiderStories) - Southeast Asian venture capital firm East Ventures has closed its sixth fund at US$75 million, with support by prominent startup founders...
Indonesia’s GOJEK Receives Fresh Investment from Mitsubishi
JAKARTA (TheInsiderStories) - Indonesia-based multi platform GOJEK announced an unspecified investment from Japan' Mitsubishi Motors Corporation, Mitsubishi Corporation, and Mitsubishi UFJ Lease & Finance as...
Indonesian Govt Set New Tariffs for Online Motorbike
JAKARTA (TheInsiderStories) – Indonesian Transportation Ministry released a new tariff for online motorbike taxi and will be implemented in 41 cities, said the spokesman last week....
Morning Briefing: British Parliament Approves No-Deal Brexit
JAKARTA (TheInsiderStories) - British Parliament will approve law to stop no-deal Brexit on April 11 after passed the Cooper-Letwin bill on Monday evening (04/08) to ensure...
Indonesian Gov’t to Set Online Motorbike Tariff This Week
JAKARTA (TheInsiderStories) - Indonesian Government to announce the basic tariff for online motorcycle taxi service providers this week, said one official last week.
Transportation ministry' director Ahmad...
Singapore’s Grab Get New Funding From Softbank $1.46B
JAKARTA (TheInsiderStories) - Singapore' Grab Holdings Inc., received funding from Japan' Softbank Vision Fund worth of US$1.46 billion. With this Series-H funding round, so far...
Malaysia’s Grab Create Digital Insurance Marketplace in SEA
JAKARTA (TheInsiderStories) - Malaysian Grab Holdings Inc., ride-hailing operator in Southeast Asia, has collaborated with Hong Kong ZhongAn Technologies International Group Ltd. (HKEX stock code: 6060),...
Grab Gets Additional Capital from Japan’s Tokyo Century
JAKARTA (TheInsiderStories) - Grab Holdings Inc., gets additional capital from Japan' Financial services company, Tokyo Century Corp. In cumulative, the company has invest on the...
Indonesia Revises Online Transportation Rule
JAKARTA (TheInsiderStories) - Indonesian Ministry of Transportation released a new order about online transportation, stated in Ministry Regulation Number 118 Year 2018 concerning of the Special...
Insight: Ride-hailing, from Automotive Producer Glance to Complicated Rule
JAKARTA (TheInsiderStories) – Indonesia's ride-hailing companies continue to make significant strides. In addition to government encouragement, the new business had large capital investment from...
Japan’s Yamaha, Grab Enters into Strategic Partnership in Motorcycle Ride-Hailing Service
JAKARTA (TheInsiderStories) - Japan manufacturer Yamaha Motor Co., Ltd. and Grab Holding Inc., Southeast Asia’s online-to-offline (O2O) platform, have agreed to form a strategic partnership in...
UOB Singapore, Grab Set Up Digital Services in ASEAN
JAKARTA (TheInsiderStories) - Singapore United Overseas Bank Ltd., (UOB) and Malaysian Grab have entered into a strategic alliance to accelerate the use of digital services...
Morning Briefing: Grab Claims Number one in Indonesia’s Ride-hailing Market
JAKARTA (TheInsiderStories) - Good morning. Malaysia’s Grab had claimed that it is number one in Indonesia’s ride-hailing market, beating its fierce competitor Go-Jek, which is busy...
Grab Ventures Ready to Invests US$250M in Indonesian Startup
JAKARTA (TheInsiderStories) - The Singapore-based ride hailing firm Grab Holdings Inc. announced would invest US$250 million in Indonesian startup through its Grab Ventures arm, said...
Grab Announces US$2Billion of Funds Lead by Japan’s Toyota
JAKARTA (TheInsiderStories) ― Grab Holdings Inc. (Grab), Southeast Asia’s leading O2O mobile platform, announced today (02/08) has raised US$2 billion for its current round of...
Moody’s: Toyota’s US$1B Investment in Grab is Credit Positive for Both
JAKARTA (TheInsiderStories) - Last Wednesday, Toyota Motor Corporation (Aa3 stable) announced that it will invest US$1 billion in Grab Holdings Inc., a Singapore-based ride-hailing service provider,...
Japan’s Toyota Lead Next Round Financing US$1 Billion in Grab
Singapore (TheInsiderStories) ― Japan's Toyota Motor Corp., lead a new financing round worth of US$1 billion in Grab Holdings Inc., the Southeast Asia’s leading O2O...
Grab, Uber’s Deal Under Antitrust Scrutiny in Indonesia
JAKARTA (TheInsiderStories) - Indonesia's Business Competition Supervisory Commission said it will scrutinize Grab's business over prospects of monopoly after the Singapore-based technology company acquired acquired...
Grab’s Plans After Acquiring Uber’s SE Asia Business
JAKARTA (TheInsiderStories) - Southeast Asia's largest ride-hailing operator on Grab on Friday (06/04) unveiled its future plans in Indonesia after acquiring South-east Asia business of...
New Online Transportation Policy Out in May
JAKARTA (TheInsiderStories) - Indonesian Government is currently drafting the new regulation on the change of ride-hailing companies into public transportations. The new regulation its expected comes...
Ride Hailing Apps Must Register as Transport Companies in Indonesia
JAKARTA (TheInsiderStories) – Indonesia is making it mandatory for ride-hailing applications providing four-wheeled-vehicle rides to register as transport companies within two months, as the...
Uber Swaps Southeast Asia Operations with 27.5% Grab’s Shares
JAKARTA (TheInsiderStories) – U.S's ride-hailing Uber swaps its Southeast Asia operations with 27.5 percent Grab shares, said the Malaysian company on Monday (26/3) for an undisclosed...
