Grab is more than a ride-hailing app: It offers scooter rentals, prepaid cards for the unbanked, and food delivery. Disruptor50
Funding: $9.1 billion Industry: Public transportation, taxi and limousine servicesRide hailing is just one slice of Grab, the Singapore-based company that is growing rapidly across Southeast Asia. It has morphed into a leading mobile platform offering everything from transportation and financial services to on-demand grocery. In November it introduced GrabWheels, an on-demand scooter business, after acquiring Uber's business in the region in March 2018.
Today Grab has more than 9 million microentrepreneurs on its platform, and the app has been downloaded over 144 million times. Next up: the creation of a digital insurance marketplace with fractionized premiums through a joint venture with China's ZhongAn Online P&C Insurance Co. Seven-year-old Grab was started by Harvard Business School classmates Anthony Tan and Tan Hooi Ling. Grab has raised $8.8 billion so far from investors, including $1.5 billion in March from SoftBank's Vision Fund. It's also raised money from Toyota, Hyundai Motor and China's Didi Chuxing.
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