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Grab to close cloud kitchen services in Indonesia

Company says 'tough step' will help ensure 'continuity' of its other businesses

A GrabKitchen site in Singapore. (Photo by Kentaro Iwamoto)

JAKARTA -- Southeast Asian superapp and ride-hailing giant Grab will close its cloud kitchen service GrabKitchen in Indonesia after four years of operations amid efforts to adopt an "asset-light" business model, the company said in a statement on Saturday.

The decision to shutter GrabKitchen, which was also attributed to inconsistent growth, will take effect from Dec. 19.

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