Thursday, 19 September 2019

Grab Revenue in Southeast Asia Grows 45-Fold in 10 Months

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Laila Afifa

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  • TEMPO.CO, JakartaGrab Indonesia president Ridzki Kramadibrata said that the food delivery service GrabFood has the widest range in Southeast Asia as it is available in six major Southeast Asia countries.

    “GrabFood’s revenue in Southeast Asia grows 45-fold from March to December 2018,” said Ridzki in an announcement event of GrabFood’s new milestones in Epicentrum Walk, South Jakarta, on Friday, March 29.

    In Indonesia alone, Ridzki continued, Grab succeeds to rapidly expand and develop its service from 13 to 178 cities in a year, from January 2018 to 2019.

    GrabFood Indonesia also records 10 times growth in food delivery volume from December 2017 to December 2018 and its average delivery time reached only 29 minutes.

    Moreover, based on a survey conducted by Kantar, users rated the service as their top fastest food delivery app. A study by Nielsen also shows three of four respondents in Jakarta said that Grab’s fast delivery is the reason they use the service.

    Additionally, Ridzki mentioned the number of GrabFood merchant in the country sees eight times growth, and to date, over 80 percent of GrabFood merchants are micro, small, and medium enterprises (MSMEs).

    “As our food delivery business grows, our partners also grow with us,” Ridzki remarked, adding that Grab is excited that its driver partners can earn up to 40 percent higher in delivering food orders aside from taking rides.

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