|
|
Grab
by winston » Tue Jan 26, 2021 9:15 am
The Singapore-based company backed by SoftBank Group grew net revenue 70 per cent for 2020 after bouncing back from a Covid-19 trough.
The start-up, which was last valued at more than US$14 billion, is now angling to delve deeper into online finance and food delivery.
by winston » Fri Mar 12, 2021 8:14 am
Grab's listing considerations come after talks to combine with Indonesian rival Gojek collapsed.
by winston » Thu Apr 08, 2021 8:46 am
Grab founder Anthony Tan will own about 2% of the listed entity, while Softbank’s Vision Fund, one of Grab’s leading investors, is said to stand to win big from the listing.
by winston » Tue Apr 13, 2021 8:28 am
by winston » Tue Apr 13, 2021 9:15 am
Grab, backed by SoftBank Group Corp, increased net revenue by about 70% in 2020 after bouncing back from a Covid-19 trough.
The startup was last valued at about US$16 billion, a person with knowledge of the matter said. It’s now angling to delve deeper into online finance and food delivery.
by winston » Thu Apr 15, 2021 8:42 am
Grab's filing also showed that it recorded a loss of US$800 million on an Ebitda (earnings before interest, taxes, depreciation and amortisation) basis last year on adjusted net revenue of US$1.6 billion and a net loss of US$2.7 billion.
This followed losses of US$2.3 billion in 2019 and US$1.3 billion in 2018, on an Ebitda basis.
Its investor presentation predicts that overall earnings will turn positive on an Ebitda basis by 2023.
by behappyalways » Sun Apr 18, 2021 6:03 pm
by winston » Thu Apr 29, 2021 8:52 am
The backdoor Nasdaq listing will see nine-year-old Grab raise over US$4 billion, a record US offering from Southeast Asia.
Grab's listing was "high" on ambition and "very high" on valuation, citing Grab's enterprise value to revenue multiple of nine for 2022, a valuation similar to US food delivery firm DoorDash's.
Grab investor and peer Uber trades at nearly half its valuation. "Grab is part Uber and part DoorDash and should be valued as such".
Grab expects an operating profit in 2023, when it sees adjusted net revenue nearly trebling to US$4.5 billion from last year.
by winston » Tue Sep 14, 2021 8:00 am
Grab, which has operations across eight countries and more than 400 cities in a region of 650 million people, said it expects to report group-level adjusted net sales of $2.1 to $2.2 billion, versus an expected $2.3 billion announced in April.
It also forecast a group-level adjusted EBITDA loss of $0.7 billion to $0.9 billion for this year compared with a previously projected EBTIDA loss of $0.6 billion.
Grab's second-quarter adjusted net sales jumped 92% to $550 million while its adjusted EBITDA loss rose 4% to $214 million.
by winston » Wed Sep 15, 2021 8:41 am
Grab on Tuesday posted a net loss of US$815 million for the three months ended June 30, exceeding the US$718 million net loss recorded a year earlier.
This was largely due to a rise in interest expense from its reedemable convertible preference shares.
Revenue rose to US$180 million.
The bulk of revenue came from the mobility segment, where revenue jumped 128 per cent to US$118 million.
The deliveries segment was up 92 per cent to hit US$45 million, while the company’s financial services contributed US$6 million.
As at end-June, Grab had US$5.3 billion in cash and cash equivalents, up from US$3.7 billion as of end-2020.
Total outstanding debt was US$2.1 billion.
Users browsing this forum: No registered users and 3 guests