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Startups

Grab touts food and grocery deliveries as ride-hailing slows

Singapore company hopes sales promotion app helps corral new partners

A Grab delivery person checks his bicycle outside a fast food chain in Singapore: The company is strengthening its home delivery business, which has significant room for growth.   © AFP/Jiji
TAKASHI NAKANO, Nikkei staff writer | Southeast Asia

SINGAPORE -- Singapore-based digital tech unicorn Grab is working to put its home delivery service for food and grocery products in the black by the end of this year as it prepares to offer its shares on the Nasdaq stock market.

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