Thursday, November 7, 2019

"Food delivery is going to help us as a company get to profitability faster," said Lim Kell Jay, regional head of Grab's food unit in a recent interview with Nikkei. On ride-hailing, Grab takes around 20% of fares, while the margin goes up to 30% or more for food delivery.

 Grab is "exploring" business beyond food delivery, such as procurement for restaurants, Lim said. It is also evaluating the possibility of entry into new markets, possibly Myanmar and Cambodia -- where it currently does not have food service.
Currently the food unit accounts for about 20% of Grab's total gross merchandise value, but "food may overtake ride-hailing in the future," Lim said.


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