Grab’s food and financial services now account for more than 50 per cent of the value of sales transacted across the platform. Photo: EPA-EFE

As Grab expands to food and finance, its transport business is no longer driving most of its growth

  • Food and financial services now make up more than 50 per cent of Grab’s gross merchandise volume, according to Lim Kell Jay, the regional head of GrabFood
  • The margins for food delivery are better than for ride-hailing, Lim says
Topic |   Apps
Grab’s food and financial services now account for more than 50 per cent of the value of sales transacted across the platform. Photo: EPA-EFE
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