Ride-hailing major Grab launches food delivery platform in Vietnam

Photo: Grab

Singapore-headquartered ride-hailing major Grab has introduced food deliveries through its GrabFood platform in Vietnam after successful roll-outs in Indonesia and Thailand.

GrabFood services will initially be piloted in five districts of Ho Chi Minh City – Districts No 1, 3, 7, Tan Binh and Binh Thanh – where most restaurants are located. Consumers in Vietnam will be able to order food from restaurants near them through GrabFood without any minimum order requirements.

“GrabFood is the next major step in our move to serve the daily essential needs of consumers… With the acquisition of UberEats operations and the expansion of GrabFood across the region, we are working with local merchant and driver partners to deliver the best of Vietnam’s kitchens to the doorsteps of millions,” said Jerry Lim, Country Head of Grab Vietnam.

GrabFood was first launched in Jakarta in 2016 and subsequently tested in Bangkok last year.

Grab is also likely to launch its electronic wallet GrabPay in Vietnam by September this year, a company representative told DEALSTREETASIA in an interaction. The company intends to roll out its payments services across all major Southeast Asian countries by the end of the year.

Grab had earlier announced a partnership with Japanese credit card company Credit Saison to provide lending services, micro-financing products and services tailored for the region. Grab also announced a partnership with property and casualty insurance company Chubb to offer insurance solutions to its drivers.

In the early stages, the joint venture with Credit Saison will focus on providing products to meet the needs of Grab drivers, agents and merchants, such as working capital loans, financing for smartphones and durable goods, as well as consumer goods financing.

In a statement, Grab said that more than 6 million microenterprises across the region have joined its financial services platform already. It aims to reach 100 million microenterprises by 2020.

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GrabFood poised to be SE Asia’s food delivery giant following Uber deal

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.