About Grab
Grab is a company based in Mumbai (India) founded in 2012 by Pratish Sanghvi and Jignesh Patel was acquired by Reliance Industries in March 2019. It operates as a On-Demand Services and API-as-a-Product. Grab has raised $8.53 million across 4 funding rounds from investors including Zomato, Aramex and Reliance Industries. The company has 565 employees as of April 07, 2024. Grab offers products and services including On Demand Delivery, GrabEx, First Mile, Reverse Logistics, and IntraCity Delivery. Grab operates in a competitive market with competitors including Barogo, Homerlogistics, Habitat Logistics, Buying.com and DeliverLogic, among others.
- Headquarter Mumbai, India
- Employees 565 as on 07 Apr, 2024
- Founders Pratish Sanghvi, Jignesh Patel
- Stage Minicorn
-
Sectors
Consumer
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Grab A Grub Services Ltd.
- Date of Incorporation 29 Oct, 2014
- Jurisdiction Mumbai, Maharashtra, India
-
Annual Revenue
$96.74 M (USD)123.6as on Mar 31, 2022
-
Net Profit
$504.11 K (USD)626.1as on Mar 31, 2022
-
EBITDA
$729.01 K (USD)1064.71as on Mar 31, 2022
-
Total Equity Funding
$8.53 M (USD)
in 4 rounds
-
Latest Funding Round
$1.39 M (USD), Series A
Feb 22, 2018
-
Investors
Zomato
& 6 more
-
Employee Count
565
as on Apr 07, 2024
-
Acquired by
Reliance Industries
(Mar 02, 2019)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Grab
Grab offers a comprehensive portfolio of products and services, including On Demand Delivery, GrabEx, First Mile, Reverse Logistics, and IntraCity Delivery.
Immediate rider pickup and delivery within 4 km.
Scheduled 2-hour delivery slots for local businesses.
Express pickup from sellers to distribution centers.
Doorstep return pickups delivered to distribution centers.
Fulfillment for intracity deliveries using varied vehicles.
Funding Insights of Grab
Grab has successfully raised a total of $8.53M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $1.39 million completed in February 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $1.4M
-
First Round
First Round
(28 Feb 2015)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2018 | Amount | Series A - Grab | Valuation | SIDBI Venture Capital |
|
| May, 2016 | Amount | Series A - Grab | Valuation | Aramex | |
| Sep, 2015 | Amount | Seed - Grab | Valuation | Zomato |
Investors in Grab
Grab has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Zomato, Aramex and Reliance Industries.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital management for SMEs and startups in India.
|
Founded Year | Domain | Location | |
|
Venture capital fund investing in consumer-focused startups in India.
|
Founded Year | Domain | Location | |
|
Investment in start-ups, growth capital, and debt financing for business ventures.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Grab
Financial Statements - Grab
Grab Comparisons
Competitors of Grab
Grab operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Barogo, Homerlogistics, Habitat Logistics, Buying.com and DeliverLogic, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
On-demand hyperlocal delivery services are offered to food businesses.
|
|
| domain | founded_year | HQ Location |
Food delivery for restaurants
|
|
| domain | founded_year | HQ Location |
Provides a platform for delivery management solutions tailored to restaurants.
|
|
| domain | founded_year | HQ Location |
Decentralized e-commerce platform
|
|
| domain | founded_year | HQ Location |
Software for online ordering, delivery management, and customer support in food industry.
|
Frequently Asked Questions about Grab
Grab was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Grab is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Grab is a funded company, having raised a total of $8.53M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.85M, raised on Feb 28, 2015.
As of Apr 07, 2024, the latest employee count at Grab is 565.
Annual revenue of Grab is $96.74M as on Mar 31, 2022.
Last mile delivery solutions are offered by Grab for businesses across India. Services include on-demand, scheduled, and intracity deliveries for sectors like food, grocery, retail, pharmacy, and documents. Technology-enabled platforms with APIs and mobile apps are utilized for seamless order booking and real-time tracking. Coverage spans multiple cities with a focus on hyperlocal and same-day delivery for restaurants, e-commerce, and other retail entities.
Grab's top competitors include Barogo, Homerlogistics and Buying.com.
Grab offers On Demand Delivery, GrabEx, First Mile, Reverse Logistics, and IntraCity Delivery.
Grab has 7 investors. Key investors include Zomato, Aramex, Reliance Industries, SIDBI Venture Capital, and Sixth Sense Ventures.
The valuation of Grab is $12.09M as of May 2016.