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Grab Announces Investor Call Hosted by Evercore ISI
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Rhea-AI Summary
Grab Holdings Limited (NASDAQ: GRAB) will host a fireside chat on January 26, 2022, at 11:00 a.m. ET, led by Mark Mahaney from Evercore ISI. The discussion will feature Ming Maa, President of Grab, focusing on the company's superapp strategy in Southeast Asia's market. Grab positions itself as a leader in food deliveries, mobility, and digital financial services, operating in over 465 cities across eight countries. A live and recorded webcast will be accessible on Grab’s Investor Relations page.
Positive
Grab is Southeast Asia’s leading superapp based on GMV.
Operates in over 465 cities across eight countries.
Discussion of a unique superapp strategy indicating growth potential.
Negative
None.
SINGAPORE--(BUSINESS WIRE)--
Grab Holdings Limited, (NASDAQ: GRAB), announces a fireside chat hosted by Mark Mahaney from Evercore ISI on Wednesday, January 26, 2022 at 11:00 a.m. ET. Mr. Mahaney and Ming Maa, President of Grab, will discuss the company's business and how its unique superapp strategy is key to unlocking the vast market opportunity in Southeast Asia.
A live webcast and a replay of the webcast will be available on Grab’s' Investor Relations page at investors.grab.com.
About Grab
Grab is Southeast Asia’s leading superapp based on GMV in 1H 2021 in each of food deliveries, mobility and the e-wallets segment of financial services, according to Euromonitor. Grab operates across the deliveries, mobility and digital financial services sectors in over 465 cities in eight countries in the Southeast Asia region – Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. Grab enables millions of people each day to access its driver- and merchant-partners to order food or groceries, send packages, hail a ride or taxi, pay for online purchases or access services such as lending, insurance, wealth management and telemedicine, all through a single “everyday everything” app. Grab was founded in 2012 with the mission to drive Southeast Asia forward by creating economic empowerment for everyone, and since then, the Grab app has been downloaded onto millions of mobile devices. Grab strives to serve a double bottom line: to simultaneously deliver financial performance for its shareholders and a positive social impact in Southeast Asia.
This announcement may contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this announcement, including but not limited to, statements about Grab’s beliefs and expectations, business strategy and plans, objectives of management for future operations of Grab, and growth opportunities, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “anticipate,” “expect,” “suggest,” “plan,” “believe,” “intend,” “estimate,” “target,” “project,” “should,” “could,” “would,” “may,” “will,” “forecast” or other similar expressions. Forward-looking statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of Grab, which involve inherent risks and uncertainties, and therefore should not be relied upon as being necessarily indicative of future results. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to: Grab’s ability to grow at the desired rate or scale and its ability to manage its growth; its ability to further develop its business, including new products and services; its ability to attract and retain partners and consumers; its ability to compete effectively in the intensely competitive and constantly changing market; its ability to continue to raise sufficient capital; its ability to reduce net losses and the use of partner and consumer incentives, and to achieve profitability; potential impact of the complex legal and regulatory environment on its business; its ability to protect and maintain its brand and reputation; general economic conditions, in particular as a result of COVID-19; expected growth of markets in which Grab operates or may operate; and its ability to defend any legal or governmental proceedings instituted against it. In addition to the foregoing factors, you should also carefully consider the other risks and uncertainties described in the “Risk Factors” section of Grab’s registration statement on Form F-4 and the proxy statement/prospectus therein relating to Grab’s recently completed Business Combination, and other documents filed by Grab from time to time with the U.S. Securities and Exchange Commission (the “SEC”).
Forward-looking statements speak only as of the date they are made. Grab does not undertake any obligation to update any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required under applicable law.
