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Grab jumps aboard Asian grocery-delivery wave amid COVID

Unicorn counters decline in ride-hailing with focus on stay-at-homes

Grab currently delivers groceries to consumers in a total of 70 cities in eight Southeast Asian countries.    © Reuters

SINGAPORE -- Southeast Asia's biggest ride-hailing company, Grab, is racing to cash in on the food and grocery delivery boom as the pandemic dampens appetites for brick-and-mortar shopping.

The Singapore-based company spans eight countries, including Indonesia and Thailand. Its branded grocery delivery service, GrabMart, offers behind-the-scenes support for about 13,000 retail stores in the region, enabling home deliveries in as fast as 20 to 30 minutes. 

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