Thursday, May 2

Search Results for: grab

Singapore-based Grab in Advanced Talks to Invest $100 Million in OYO

Singapore ride-hailing company Grab is in advanced talks to invest $100 million (Rs 697.7 crore) in OYO Hotels & Homes as part of the Indian hospitality chain’s ongoing $1 billion funding round. Grab is expected to close the deal over the next few days, according to two people briefed on the matter. Grab and OYO, both of which count SoftBank as one […]

Cab Aggregator Grab Ties up With MasterCard to Offer Virtual Debit Cards

Ride hailing company Grab has reportedly has announced its plans to introduce virtual pre-paid debit in collaboration with Mastercard. This move is the biggest digital payment push in Southeast Asia to date. The particular deal will witness its Grab Pay business offer Grab’s 110 million registered users the option to use a virtual Mastercard to make payments […]

Singapore-based Grab Raises $1 billion for Expansion

A ride-hailing firm based in Singapore called Grab has raised funds amounting to $1 billion from a clutch of financial firms. These financial firms included global asset manager OppenheimerFunds and China’s Ping An Capital. Other investors that were a part of the funding round were Microsoft co-founder Paul Allen’s Vulcan Capital, Macquarie Capital and Lightspeed Venture Partners. This […]

Wipro Grabs Outsourcing Contract Worth $1 Billion From Alight Solutions

One of the leading information technology (IT) companies Wipro has reportedly won an outsourcing contract worth $1 billion from Alight Solutions. Bengaluru-based Wipro purchased Alight Solutions’ IT business for $117 million on Friday, and is in the advanced stages of negotiating the agreement that will possibly expand over seven years and $140 million in annual […]

Tips to Grab the Best Deals on Amazon Prime Day Sale

The e-commerce giant, Amazon has started off with its flagship event today at 12 noon, that is known as the Prime Day Sale, which happens across 17 countries that offer Amazon Prime services including India. In India, this is the second time that the company is hosting the Amazon Prime Day sale. In the previous […]

Get Ready to Grab MI TV, Phones at Rs. 4

Xiaomi is to complete its 4 years in India tomorrow that is 10th July. On account of this event, the company is celebrating its 4th year anniversary and thus, is going to put up a huge sale where the products will be offered for as low as Rs 4. The MI sale will start on […]

Star India Grabs BCCI Media Rights for India’s Home Series

Broadcasting and Media Giant, Star India has successfully managed to grab broadcasting rights for Indian cricket team’s bilateral home series as well as domestic cricket in a record-breaking Global Consolidated Rights (GCR) bid of Rs. 6138.1 ( about 955 million USD) for next 5 years up to 2013. The offer at Rs. 60.18 crore per […]

Uber Sells its Southeast Asia Operations to Grab

Ride-hailing company Uber Technologies Inc came to terms with bigger regional rival Grab to sell its Southeast Asian business operations, both firms said in a statement released today. The deal now puts pressure on Alphabet Inc’s Google and China’s Tencent Holdings Ltd who both support Indonesia’s Go-Jek. The deal between Uber and Grab is Southeast […]

Grab Announces Acquisition of Bangalore Based Payments Startup

Grab, the leading on-demand transportation and mobile payments platform in Southeast Asia, today announced it has acquired Bangalore-based payments startup iKaaz. The rich functionality of iKaaz’ mobile payments platform and its experienced leadership team will accelerate feature development and partner integration of GrabPay, Grab’s payments platform. Already Southeast Asia’s #1 ride-hailing platform, Grab is expanding […]

Ride-Hailing Firm Grab Launches Services In Cambodia

Ride-hailing firm Grab, the biggest Southeast Asian rival of Uber Technologies Inc, on Tuesday said it has launched services in Phnom Penh, Cambodia, expanding its presence to an eighth country in the region. The Singapore-headquartered firm said it signed a memorandum of understanding with Cambodia’s Ministry of Public Works and Transport to support infrastructure development. […]