Grab, Southeast Asia’s biggest ride hailing-to-food delivery group’s first-quarter adjusted net sales rose 39% to a record $507 million and the Singapore-based firm reduced its losses on the back of a strong performance in its deliveries business, Reuters reports.
Grab, which is going public through a record merger worth nearly $40 billion with Altimeter Growth, reiterated that it expects to complete the deal in the fourth quarter. Read more.
