Grab Ventures confirms picking up minority stake in HappyFresh

Grab Ventures head Chris Yeo is photographed at the Asia PE-VC Summit 2018 organised by DealStreetAsia.

Grab Ventures, the venture arm of Southeast Asia’s ride-hailing giant Grab, has picked up a minority stake in grocery delivery startup HappyFresh, its head Chris Yeo confirmed. The investment was first reported by this portal in July.

Grab announced its foray into grocery delivery in July, as part of its ambition to become a one-stop “super app” for users in Southeast Asia. Its grocery delivery service, dubbed GrabFresh, was launched in partnership with HappyFresh.

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