Grab Widens its Portfolio with Latest Acquisition

On Monday, July 22, ride-hailing giant Grab announced its acquisition of Singapore-based restaurant reservation platform Chope. The financial details of the deal have not been disclosed. This acquisition aligns with Grab's strategy to expand beyond transport services and into the food delivery sector, which it already supports through its app.

A Grab spokesperson emphasized the company's commitment to supporting small- and medium-sized businesses, noting that many of its merchants lack the resources of larger food and beverage brands. The spokesperson highlighted that Chope’s products and services would enhance Grab's ability to assist these smaller businesses in growing and managing their operations more effectively, particularly by leveraging online-to-offline opportunities.

The Business Times initially reported the acquisition, citing an internal Grab email that informed employees of the deal. According to the email, Chope's team would be integrated into Grab’s offices in Singapore, Indonesia, and Thailand within a few weeks. However, further details regarding the timeline of the deal and the complete staffing arrangements were not disclosed in the statements provided by Grab.