Grab's Transaction Value Reached US$12.5 Billion in 2020

Economics & Macro

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Andrea Lidwina 14/04/2021 11:00 WIB

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Grab's gross merchandise value (GMV) in Southeast Asia reached US$12.5 billion in 2020. This figure is projected to increase to US$16.7 billion this year.

Southeast Asia Grab Gross Merchandise Value (GMV)

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Southeast Asia Grab Gross Merchandise Value (GMV)

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Grab's gross merchandise value (GMV) in Southeast Asia reached US$12.5 billion in 2020. This figure is slightly higher than the previous year and double that of 2018.

The company projects transaction value to increase to US$16.7 billion this year, further rising to US$24.7 billion in 2022 and US$34.2 billion in 2023.

Grab plans to hold an initial public offering (IPO) in the United States in the coming months. The company will collaborate with Altimeter Growth and is backed by several investors.

Editor : Dimas Jarot Bayu

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."