{"id":4187,"date":"2023-06-12T09:14:01","date_gmt":"2023-06-12T01:14:01","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=4187"},"modified":"2023-06-12T09:14:03","modified_gmt":"2023-06-12T01:14:03","slug":"daily-markup-763-how-offering-free-food-and-cleaning-crabs-led-to-grab-becoming-a-life-changing-superapp-for-southeast-asians","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=4187","title":{"rendered":"Daily Markup #763: How offering free food and cleaning crabs led to Grab becoming a life-changing superapp for Southeast Asians"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/pOF3RZiCrHjDk1yzFvcx1rr-Wftd3mJCSQgvCBw1XF3n1FCnXr2todvawC9cTI_VTCptLva7-PTxqNZiKQTwSe1C0yFQASTDQlPM8DdsV-KphjfMV2Wsjj02JEF3ApEKTZuqfICi374p9A1tmmwB9F4\" alt=\"\" \/><figcaption class=\"wp-element-caption\">Credit: TIME<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Earnest, Earnings, Equality<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>From offering free food to taxi drivers to pitch the idea of a ride-hailing service to cleaning live crabs during a pivot to food delivery, Co-founder &amp; CEO Anthony Tan of 500-backed superapp <a href=\"http:\/\/grab.com\/\">Grab<\/a> has done it all for the company\u2019s growth, and is showing no signs of slowing down.<\/li>\n\n\n\n<li>The company scored Southeast\u202fAsia\u2019s biggest Nasdaq IPO in 2021, valued at around US$40B. Today, the platform offers more than just transportation and delivery \u2014 people across Southeast Asia use the app for insurance, travel bookings, financial services, and more.<\/li>\n\n\n\n<li>Ultimately, <a href=\"https:\/\/bit.ly\/45QQp4J\">Anthony wants to make Grab a \u201ctriple bottom line\u201d company<\/a> by bringing more small businesses into the digital economy, so he can boost earnings while fostering equality.<\/li>\n\n\n\n<li>\u201cThere are many ways you can build social impact and create financial impact \u2014 they\u2019re not mutually exclusive,\u201d he explained. \u201cIf you don\u2019t build a society that\u2019s stable, and you don\u2019t uplift the bottom, it becomes all of our problems.\u201d<\/li>\n\n\n\n<li>Grab\u2019s focus on being hyper-local contributed to the company\u2019s success. In Cambodia, it offers tuk-tuks, while in Indonesia, users ride pillion on motorcycle taxis. And in 2022, Grab together with Singtel launched one of Singapore\u2019s first digital banks, which offers daily interest rates and instant approvals for small loans.<\/li>\n\n\n\n<li>To truly understand the positive impact Grab has had on the lives of Southeast Asians, just ask fruit stall owner Suparno. The pandemic slashed his business by 70%, and he became the first vendor in his area to join GrabMart.&nbsp;<\/li>\n\n\n\n<li>Suparno sold his produce via the app, and using its data-crunching service to bundle in-demand items together, trade quickly recovered to pre-pandemic levels. Today, he plans to open his third stall.<\/li>\n\n\n\n<li>What\u2019s more, he no longer has to carry around large wads of cash or wait in long queues at the bank. Sales on GrabMart go into his GrabPay account, so he doesn\u2019t have to worry about cash flow. \u201cIt helps a lot because mornings are my busiest time,\u201d Suparno shared.<\/li>\n\n\n\n<li>Read the full story on <a href=\"https:\/\/bit.ly\/45QQp4J\">TIME<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Earnest, Earnings, Equality<\/p>\n","protected":false},"author":5,"featured_media":4189,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[143],"class_list":["post-4187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-grab"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #763: How offering free food and cleaning crabs led to Grab becoming a life-changing superapp for Southeast Asians - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=4187\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #763: How offering free food and cleaning crabs led to Grab becoming a life-changing superapp for Southeast Asians - Markup\" \/>\n<meta property=\"og:description\" content=\"Earnest, Earnings, Equality\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailymarkup.com\/?p=4187\" \/>\n<meta property=\"og:site_name\" content=\"Markup\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/500southeastasia\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-12T01:14:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-12T01:14:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/06\/Screenshot-2023-06-08-at-9.54.26-PM.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ching Yee Ho\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dailymarkup.com\/#website\",\"url\":\"https:\/\/dailymarkup.com\/\",\"name\":\"Markup\",\"description\":\"Serving bite-sized news on 500 Southeast Asia&#039;s portfolio companies and insights to fuel your momentum in life and business.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dailymarkup.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/?p=4187#primaryimage\",\"url\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/06\/Screenshot-2023-06-08-at-9.54.26-PM.jpg\",\"contentUrl\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/06\/Screenshot-2023-06-08-at-9.54.26-PM.jpg\",\"width\":1280,\"height\":800},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailymarkup.com\/?p=4187#webpage\",\"url\":\"https:\/\/dailymarkup.com\/?p=4187\",\"name\":\"Daily Markup #763: How offering free food and cleaning crabs led to Grab becoming a life-changing superapp for Southeast Asians - Markup\",\"isPartOf\":{\"@id\":\"https:\/\/dailymarkup.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/dailymarkup.com\/?p=4187#primaryimage\"},\"datePublished\":\"2023-06-12T01:14:01+00:00\",\"dateModified\":\"2023-06-12T01:14:03+00:00\",\"author\":{\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/519b865263ce8210988e9676b536923f\"},\"breadcrumb\":{\"@id\":\"https:\/\/dailymarkup.com\/?p=4187#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dailymarkup.com\/?p=4187\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dailymarkup.com\/?p=4187#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/dailymarkup.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Daily Markup #763: How offering free food and cleaning crabs led to Grab becoming a life-changing superapp for Southeast Asians\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/519b865263ce8210988e9676b536923f\",\"name\":\"Ching Yee Ho\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/2a65dd4b61125a19ff989c4d621a9a0a8f9e7d34b0118d60e00ecec7fd41e330?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/2a65dd4b61125a19ff989c4d621a9a0a8f9e7d34b0118d60e00ecec7fd41e330?s=96&d=mm&r=g\",\"caption\":\"Ching Yee Ho\"},\"url\":\"https:\/\/dailymarkup.com\/?author=5\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Daily Markup #763: How offering free food and cleaning crabs led to Grab becoming a life-changing superapp for Southeast Asians - Markup","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dailymarkup.com\/?p=4187","og_locale":"en_US","og_type":"article","og_title":"Daily Markup #763: How offering free food and cleaning crabs led to Grab becoming a life-changing superapp for Southeast Asians - Markup","og_description":"Earnest, Earnings, Equality","og_url":"https:\/\/dailymarkup.com\/?p=4187","og_site_name":"Markup","article_publisher":"http:\/\/facebook.com\/500southeastasia","article_published_time":"2023-06-12T01:14:01+00:00","article_modified_time":"2023-06-12T01:14:03+00:00","og_image":[{"width":1280,"height":800,"url":"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/06\/Screenshot-2023-06-08-at-9.54.26-PM.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ching Yee Ho","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/dailymarkup.com\/#website","url":"https:\/\/dailymarkup.com\/","name":"Markup","description":"Serving bite-sized news on 500 Southeast Asia&#039;s portfolio companies and insights to fuel your momentum in life and business.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/dailymarkup.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dailymarkup.com\/?p=4187#primaryimage","url":"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/06\/Screenshot-2023-06-08-at-9.54.26-PM.jpg","contentUrl":"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/06\/Screenshot-2023-06-08-at-9.54.26-PM.jpg","width":1280,"height":800},{"@type":"WebPage","@id":"https:\/\/dailymarkup.com\/?p=4187#webpage","url":"https:\/\/dailymarkup.com\/?p=4187","name":"Daily Markup #763: How offering free food and cleaning crabs led to Grab becoming a life-changing superapp for Southeast Asians - Markup","isPartOf":{"@id":"https:\/\/dailymarkup.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/dailymarkup.com\/?p=4187#primaryimage"},"datePublished":"2023-06-12T01:14:01+00:00","dateModified":"2023-06-12T01:14:03+00:00","author":{"@id":"https:\/\/dailymarkup.com\/#\/schema\/person\/519b865263ce8210988e9676b536923f"},"breadcrumb":{"@id":"https:\/\/dailymarkup.com\/?p=4187#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/dailymarkup.com\/?p=4187"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/dailymarkup.com\/?p=4187#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/dailymarkup.com\/"},{"@type":"ListItem","position":2,"name":"Daily Markup #763: How offering free food and cleaning crabs led to Grab becoming a life-changing superapp for Southeast Asians"}]},{"@type":"Person","@id":"https:\/\/dailymarkup.com\/#\/schema\/person\/519b865263ce8210988e9676b536923f","name":"Ching Yee Ho","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dailymarkup.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/2a65dd4b61125a19ff989c4d621a9a0a8f9e7d34b0118d60e00ecec7fd41e330?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2a65dd4b61125a19ff989c4d621a9a0a8f9e7d34b0118d60e00ecec7fd41e330?s=96&d=mm&r=g","caption":"Ching Yee Ho"},"url":"https:\/\/dailymarkup.com\/?author=5"}]}},"_links":{"self":[{"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/posts\/4187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4187"}],"version-history":[{"count":1,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/posts\/4187\/revisions"}],"predecessor-version":[{"id":4190,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/posts\/4187\/revisions\/4190"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/media\/4189"}],"wp:attachment":[{"href":"https:\/\/dailymarkup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}