GrabTaxi
Grab's new logo
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| Industry | Online / Technology |
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| Founded | 2012 |
| Founders | Anthony Tan and Tan Hooi Ling |
| Headquarters | Singapore |
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Number of locations
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Available in 30 cities across 6 countries |
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Key people
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| Website | grab |
Grab (formerly known as GrabTaxi) is a technology company that offers wide range of ride-hailing and logistics services through its app in Southeast Asia, specifically in Malaysia, the Philippines, Singapore, Thailand, Vietnam and Indonesia. As of July 2016, the number of drivers registered in the network was over 350,000, and the Grab app was downloaded onto more than 19 million mobile devices across Southeast Asia.
Originally established in 2012 as MyTeksi in Malaysia, GrabTaxi is a Southeast Asia focused taxi-booking app founded by Harvard Business School graduates Anthony Tan and Tan Hooi Ling. The idea for GrabTaxi first started when Anthony Tan was a student at Harvard Business School and a classmate pulled him aside to gripe about how hard it was to hail a cab in Malaysia. Tan drew up a business plan for an Uber-like service that won backing from angel investors, leading the youngest of three brothers to quit the family business in 2012 to start GrabTaxi, a mobile application that assigns available cabs nearby to commuters using mapping and location-sharing technology. Tan pitched the idea to the panel of the 2011 Harvard Business Plan Competition, that led to them being placed second, making them the first all-Asian team to have succeeded in many years.
GrabTaxi, or MyTeksi as it is known in Malaysia, was officially launched to the public in June 2012. The company expanded to the Philippines in August 2013, and to Singapore and Thailand in October of the same year.
In 2014, GrabTaxi further continued its growth and expansion to new countries: first launching in Ho Chi Minh City in Vietnam in February, and Jakarta in Indonesia in June. That same year, GrabTaxi later expanded to two more cities in the Philippines: Cebu in July, and Davao in October. A beta version of the app was launched in Pattaya, Thailand in September 2014.
In May 2014, the company launched GrabCar in Malaysia and Singapore. GrabCar serves as an alternative form of transportation service that uses cars through a licensed partner in an effort to overcome the lack of supply of public transportation during peak hours. In November 2014, GrabTaxi launched its first GrabBike service in Ho Chi Minh City as a trial service.
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