When ride-sharing platform Grab acquired the Southeast Asian operations of rival Uber, the deal also entailed the takeover of Uber Eats and its integration into the relatively newer Grab Food platform—and industry observers and analysts foresee a bleaker horizon for competitors like Foodpanda, Honestbee, and Deliveroo.
When ride-sharing platform Grab acquired the Southeast Asian operations of rival Uber, the deal also entailed the takeover of Uber Eats and its integration into the relatively newer Grab Food platform—and industry observers and analysts foresee a bleaker horizon for competitors like Foodpanda, Honestbee, and Deliveroo.
The combination of the two delivery platforms poses a more palpable threat to rivals because it helps cement GrabFood’s leadership position and shuts the doors on merger and acquisition deals critical for staying competitive, said Terence Lee, chief editor of Tech in Asia.
“Grab’s chances of success of becoming Southeast Asia’s de-facto mobile platform has improved significantly with the Uber deal, which means investors may be spooked about backing a lesser competitor,” said Lee. “Second, even if an acquirer is interested, the stock of these competitors may have dropped since then, which means they won’t be able to get favourable terms.”
Esta historia es de la edición June - July 2018 de Singapore Business Review.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición June - July 2018 de Singapore Business Review.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
Singapore's health data bill mandates regulated information sharing
To ensure data disclosure and sharing, the Ministry of Health can impose up to $1m in fines for non-compliance.
Venture capitalists sharpen focus on targeting startups' profit paths
Deal activity in Asia Pacific fell 26.3% YoY in 2023, reflecting VC firms' caution.
Strategic locations and value-added services drive growth in self-storage sector
In Singapore, StorHub has introduced online booking for storage spaces of various sizes.
Why Tim Hortons vies for top spot in Singapore's 'third place' Western coffee scene
Capturing this market is better than competing directly with kopitiams and grab-and-go concepts.
CEO Justin Quek steers OrangeTee to real estate centered around customers
A step toward this commitment is the launch of the consumer-centric event 'Property Festival' in 3Q24.
Retailers are urged to view returns management as loyalty drivers
15% of customers abort a transaction if the return policy is subpar.
National security is put front and center with new Significant Investments Review bill
Legal experts believe cybersecurity and AI entities are likely to be affected by the measure.
Three strategies to mitigate BEPS 2.0's tax impact for MNEs
Should the directive be implemented, selected MNES will be subject to a global minimum tax of 15%.
JustCo debuts first pay-per-minute airport hub for business nomads
The co-working space has around 50 hot desks and nap pods, allowing travellers to 'check-in' at work.
Fr8Labs secures major backing to digitalise Asia's freight sector
Investors are showing strong support for Fr8Labs, a company set on transforming the freight forwarding sector traditionally bogged down by manual processes.