Grab: How an Uber killer became a powerful Asian super-app
By Karishma Vaswani
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When Microsoft s Bill Gates said in 1994 that banking is necessary, banks are not , financiers and analysts alike dismissed the claims as the wild musings of an over-imaginative techie.
Fast forward a few decades and that vision is fast becoming reality.
Grab is one of the most dominant super apps in Asia, offering rides, food delivery and now, financial services.
That includes loans, insurance, payments and investments - all accessed through a mobile phone app.
Launched in 2012 as a ride-hailing app like Uber, Grab has since expanded broadly. In 2018, it pushed Uber out of South East Asia.
Grab: How an Uber killer became a powerful Asian super-app
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Grab: How an Uber killer became a powerful Asian super-app
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Licious draws funding interest at post-money valuation of $800 million
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Private equity investors Multiples PE, Premji Invest and Goldman Sachs are looking to invest a combined $150-200 million in Licious at a post-money valuation of $800 million.
ETtech
Founded in 2015 by Vivek Gupta and Abhay Hanjura, Licious has entered the ready-to-eat market after establishing a presence in the fresh meat and seafood segments. (Illustration: Rahul Awasthi/ETtech)
Mumbai: Private equity investors Multiples Alternate Asset Management, Premji Invest and Goldman Sachs are looking to together invest $150-200 million (Rs 1,125-1,500 crore) in meat and seafood brand Licious, people close to the development said.