Grab to Develop Tech Start-ups with New Innovation Arm
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Southeast Asian ride-hailing giant Grab launched last Tuesday its innovation arm called Grab Ventures which will be developing technology start-ups in sectors such as transport, food services, logistics and financial services.
Grab Ventures Head Chris Yeo said that the company is aiming to be the “everyday app” in Southeast Asia, which is why it is seeking any tech that will help it become a complete online-to-offline (O2O) mobile platform.
Yeo adds that their accelerator program, which includes government partners such as the Info-communications Media Development Authority of Singapore and Enterprise Singapore, is ready to provide expertise, technical resources and networks to the start-ups.
Source: Reuters