Grab takes strategic stake in Ninja Van

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RIDE-hailing unicorn Grab has made a strategic investment into logistics provider Ninja Van for an undisclosed amount, the companies announced on Thursday. Read more at The Business Times.

GRAB has added hotel reservation services Agoda and Booking.com; entertainment ticketing platform BookMyShow; and on-demand video streaming service HOOQ to its super app ecosystem in Singapore, the company announced on Tuesday.

"This partnership with Ninja Van enables us to offer the widest range of delivery options in South-east Asia from within the Grab app, and make it easy for sellers, buyers and merchants to send and receive parcels." Lai Chang Wen, co-founder and chief executive of Ninja Van, said:"We’re excited about this partnership, and how it will change the game for smaller businesses, and social selling communities in South-east Asia, even for consumers who may send parcels from time to time. By leveraging Grab’s wide user base, we can offer users the most convenient way to access our full suite of logistics services, and provide reliable, hassle-free delivery services powered by technology.

GrabExpress is currently available in 150 cities including Singapore, Malaysia, Thailand, and Indonesia among others. Grab, which began as a ride-hailing service, has been transitioning into a multi-service platform, with food delivery and financial services among its key new product lines.

Source: News Formal (newsformal.com)

 

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