Grab's lofty $40b valuation stems from its fintech potential, not ride-hailing might

As it readies for its upcoming listing on the Nasdaq via a record $40-billion SPAC deal, Singapore-based super app giant Grab is not quite pitted against global ride-hailing peers Uber and Lyft or food delivery players GrubHub and Deliveroo.

Analysts reckon that the path to profitability for Grab lies in its future financial services potential and not in the cut-throat business of ride-hailing and food delivery.

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