{"id":47,"date":"2021-05-24T00:00:00","date_gmt":"2021-05-24T00:00:00","guid":{"rendered":"https:\/\/markupbackup.wordpress.com\/2021\/07\/21\/durians-daily-259-grab-unveils-new-ride-options-for-pets-people-gilmour-space-to-heighten\/"},"modified":"2021-08-03T08:56:36","modified_gmt":"2021-08-03T08:56:36","slug":"durians-daily-259-grab-unveils-new-ride-options-for-pets-people-gilmour-space-to-heighten","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=47","title":{"rendered":"Daily Markup #259: Grab unveils new ride options for pets &#038; people; Gilmour Space to heighten Australia\u2019s defense capability; Eric Cheng\u2019s bumpy road to Carsome\u2019s success"},"content":{"rendered":"<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1600\" data-height=\"1067\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7daaf633b2.jpg\"><figcaption class=\"wp-caption-text\">Credit: Grab<\/figcaption><\/figure>\n<p><strong>Spoiled for choice<\/strong><\/p>\n<ul>\n<li>500-backed super app <a href=\"https:\/\/www.grab.com\/\" target=\"_blank\" rel=\"noopener\">Grab<\/a> announced the <a href=\"https:\/\/www.grab.com\/sg\/press\/consumers-drivers\/grab-to-expand-suite-of-premier-transport-offerings-with-the-new-grabpet-xl-and-grabcar-exec\/\" target=\"_blank\" rel=\"noopener\">introduction of two new ride options<\/a>: GrabPet XL and GrabCar Exec. Both services will go live in Singapore from 25th May 2021.<\/li>\n<li>According to Andrew Chan, Managing Director of Transport, Grab Singapore, the startup created the services in response to consumer requests. He added that this would also create more earning opportunities for driver-partners.<\/li>\n<li>GrabPet XL is an iteration of the popular GrabPet service, which has seen a ridership growth of close to 170% between April 2019 and April 2021. The XL version utilizes larger vehicles, allowing for the transport of more passengers and pets.<\/li>\n<li>GrabCar Exec is a limousine-styled service for consumers who wish to travel in comfort and style, with a focus on service quality. GrabCar Exec driver-partners will be required to attend professional training to elevate the overall experience for consumers.<\/li>\n<li>Read the full press release on Grab <a href=\"https:\/\/www.grab.com\/sg\/press\/consumers-drivers\/grab-to-expand-suite-of-premier-transport-offerings-with-the-new-grabpet-xl-and-grabcar-exec\/\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1600\" data-height=\"1041\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7dab050ce2.jpg\"><figcaption class=\"wp-caption-text\">Credit: Gilmour\u00a0Space<\/figcaption><\/figure>\n<p><strong>Heightening capabilities<\/strong><\/p>\n<ul>\n<li>500-backed rocket startup <a href=\"https:\/\/www.gspacetech.com\/\" target=\"_blank\" rel=\"noopener\">Gilmour Space Technologies<\/a> has signed a Memorandum of Understanding (MoU) with defense electronics systems manufacturer DEWC Systems. Together, they will <a href=\"https:\/\/www.gspacetech.com\/post\/dewc-systems-gilmour-space-collaborate-to-launch-the-next-gen-moess-system\" target=\"_blank\" rel=\"noopener\">collaborate on building prototype satellites<\/a> equipped with <a href=\"https:\/\/en.wikipedia.org\/wiki\/Electronic_warfare#:~:text=Electronic%20warfare%20%28EW%29%20is%20any,enemy%2C%20or%20impede%20enemy%20assaults.\" target=\"_blank\" rel=\"noopener\">electronic warfare<\/a> payloads.<\/li>\n<li>This five-year collaboration seeks to increase Australia\u2019s Intelligence, Surveillance, Reconnaissance and Electronic Warfare (ISREW) capability.<\/li>\n<li>Both companies hope to advance the sensor capability, deployment, and uptake of ISREW satellites in Low Earth Orbit (LEO).<\/li>\n<li>Under the partnership, they also expect to work on co-development projects leading to a small satellite prototype. This includes a joint research activity to understand the requirements of manufacturing a prototype satellite utilizing commercially available components.<\/li>\n<li>Read the full release on Gilmour Space <a href=\"https:\/\/www.gspacetech.com\/post\/dewc-systems-gilmour-space-collaborate-to-launch-the-next-gen-moess-system\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1600\" data-height=\"1200\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7dab13b7d1.jpg\"><figcaption class=\"wp-caption-text\">Credit: Carsome<\/figcaption><\/figure>\n<p><strong>A bumpy ride<\/strong><\/p>\n<ul>\n<li>Co-founder and Group CEO Eric Cheng of 500-backed used car trading platform <a href=\"https:\/\/www.carsome.my\/\" target=\"_blank\" rel=\"noopener\">Carsome<\/a> appeared on TheEdgeTV to speak about <a href=\"https:\/\/www.theedgemarkets.com\/content\/news-innovation-never-stops-carsome\" target=\"_blank\" rel=\"noopener\">innovation in his startup<\/a>.<\/li>\n<li>The interview came after Eric won the <a href=\"https:\/\/www.ey.com\/en_my\/entrepreneur-of-the-year\/ey-entrepreneur-of-the-year-malaysia\/2020-top-nominees\/eric-cheng\" target=\"_blank\" rel=\"noopener\">EY Emerging Entrepreneur Of The Year<\/a> 2020 Malaysia award.<\/li>\n<li>Coming from a startup background gives Eric and his team the \u2018growth mentality\u2019, which he credits for getting them through a \u201croller-coaster year\u201d last year, which has been the hardest challenge the startup has faced so far.<\/li>\n<li>A <a href=\"https:\/\/www.carsome.my\/news\/item\/carsome-ceo-eric\" target=\"_blank\" rel=\"noopener\">story published by Carsome<\/a> on his entrepreneurial journey also revealed that prior to establishing the startup, Eric dabbled in publishing and gold-farming before having to start all over again.<\/li>\n<li>Watch the full video on The Edge <a href=\"https:\/\/www.theedgemarkets.com\/content\/news-innovation-never-stops-carsome\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<hr>\n<p><strong>Missed out the last Daily Markup? Go <\/strong><a href=\"https:\/\/dailymarkup.com\/\" target=\"_blank\" rel=\"noopener\"><strong>here<\/strong><\/a><strong> to check it out.<\/strong><\/p>\n<p><strong>You can also find us on <\/strong><a href=\"https:\/\/www.linkedin.com\/company\/500-durians\/\" target=\"_blank\" rel=\"noopener\"><strong>LinkedIn<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.facebook.com\/500durians\/\" target=\"_blank\" rel=\"noopener\"><strong>Facebook<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/twitter.com\/500Startups_SEA\" target=\"_blank\" rel=\"noopener\"><strong>Twitter<\/strong><\/a><strong>, and <\/strong><a href=\"https:\/\/www.instagram.com\/500durians\/?hl=en\" target=\"_blank\" rel=\"noopener\"><strong>Instagram<\/strong><\/a><strong>.<\/strong><\/p>\n<figure><img decoding=\"async\" data-width=\"400\" data-height=\"400\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7dab188bf3.jpg\"><\/figure>\n<p>500 Startups is a venture capital firm on a mission to discover and back the world\u2019s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. In Southeast Asia, 500 Startups invests through the pioneering 500 Southeast Asia family of funds. The 500 Southeast Asia funds have backed over 240 companies across multiple sectors from internet to consumer to deep technology. It continues to connect founders with capital, expertise and powerful regional and global networks to help them succeed.<\/p>\n<p><em>This post is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively \u201c500 Startups\u201d) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. All third party links in this post have not been independently verified by 500 Startups and the inclusion of such links should not be interpreted as an endorsement or confirmation of the content within. Information about portfolio companies\u2019 markets, competitors, performance, and fundraising has been provided by those companies\u2019 founders and has not been independently verified. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Startups, or an offer to provide any investment advisory service with regard to securities by 500 Startups. No content or information in this post should be construed as an offer to sell or solicitation of interest to purchase any securities advised by 500 Startups. Prospective investors considering an investment into any 500 Startups fund should not consider or construe this content as fund marketing material. The views expressed herein are as at the date of this post and are subject to change without notice. One or more 500 Startups fund may have a financial interest in one or more of the companies discussed.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Credit: Grab Spoiled for choice 500-backed super app Grab announced the introduction of two new ride options: GrabPet XL and GrabCar Exec. Both services will go live in Singapore from 25th May 2021. According to Andrew Chan, Managing Director of Transport, Grab Singapore, the startup created the services in response to consumer requests. He added [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":2005,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[341,328,143],"class_list":["post-47","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-carsome","tag-gilmour-space","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 #259: Grab unveils new ride options for pets &amp; people; Gilmour Space to heighten Australia\u2019s defense capability; Eric Cheng\u2019s bumpy road to Carsome\u2019s success - 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=47\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #259: Grab unveils new ride options for pets &amp; people; Gilmour Space to heighten Australia\u2019s defense capability; Eric Cheng\u2019s bumpy road to Carsome\u2019s success - Markup\" \/>\n<meta property=\"og:description\" content=\"Credit: Grab Spoiled for choice 500-backed super app Grab announced the introduction of two new ride options: GrabPet XL and GrabCar Exec. 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