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News / Online
WATCH: Visualization of revenue for digital travel brands through 2022
By PhocusWire | March 23, 2023
From a revenue standpoint, 2022 was an up year for most online travel brands, with many reporting record financial results. Read More
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News / Online
Earnings roundup: Grab, eDreams, Flight Centre
By Linda Fox | February 23, 2023
Grab, eDreams and Flight Centre update on their financial progress in Q4, 2022, Q3, 2022 and H1, 2023, respectively. Read More
 alt="grab-q3-2022"  title="grab-q3-2022"
News / Online
Grab reports record revenue in Q3, narrows losses
By Linda Fox | November 16, 2022
The Singapore-based super app, which offers services including ride hailing, food delivery and digital payments, says revenue for the three months ended September 30 was a record $382 million, up 143%... Read More
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News / Online
Earnings roundup: Grab, Flight Centre, Swvl
By Linda Fox | August 25, 2022
Grab, Flight Centre and Swvl are reporting strong results amid travel industry recovery. Read More
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News / Online
Grab outperforms guidance with growth across all business units
By Mitra Sorrells | May 19, 2022
Mobility and delivery brand Grab posts revenue in the first quarter of $228 million, a 6% increase compared to the same period in 2021. Read More
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News / Distribution
Kakao Mobility partners with Splyt to expand transportation app
By Linda Fox | May 12, 2022
The deal enables users of the Kakao T app to access local taxis, private cars and motorcycles in seven additional countries. Read More
 alt="Grab posts loss of $3.6B in 2021, claims "strongest year yet""  title="Grab posts loss of $3.6B in 2021, claims "strongest year yet""
News / Online
Grab posts loss of $3.6B in 2021, claims "strongest year yet"
By Kevin May | March 7, 2022
The Singapore-based ride-hailing and delivery brand posted revenue of $675 million for the 2021 financial year, up by 44% on the previous 12 months. Read More
 alt="VIDEO: SPACs and the future of travel investing"  title="VIDEO: SPACs and the future of travel investing"
News / Startups
VIDEO: SPACs and the future of travel investing
By PhocusWire | November 17, 2021
During a session at the Phocuswright Conference 2021 this week, a session on SPACs put the spotlight on the benefits and pitfalls of using the mechanism to go public. Read More
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News / Startups
Signs point north for travel startup funding in 2021
By Linda Fox | May 11, 2021
Travel startups have attracted multiple smaller investments in 2021, as well as one or two sizable ones, demonstrating interest has not faded away in supporting new businesses. Read More
 alt="Grab files for IPO through SPAC partnership with Altimeter"  title="Grab files for IPO through SPAC partnership with Altimeter"
News / Online
Grab files for IPO through SPAC partnership with Altimeter
By Kevin May | April 13, 2021
Grab is expected to be valued at almost $40 billion as a result the IPO announced today and slated to run under the ticker "GRAB" in the coming months. Read More
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News / Online
Grab boosts liquidity with $2B loan facility
By Linda Fox | February 1, 2021
Grab says the five-year term loan enables it to boost liquidity and mix up its funding sources. Read More
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News / Distribution
Super app Gojek gets $150M investment to help drive Indonesia's digital economy
By Linda Fox | November 17, 2020
Gojek, a ride-hailing, delivery and payments app, will help boost Indonesia's digital transformation following new investment. Read More
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News / Distribution
Southeast Asian super app Grab adds tour and activity bookings through Klook
By Mitra Sorrells | September 2, 2020
Grab users will be able to book and pay for Klook's tour and activity offerings in the Grab app. Read More
 alt="splyt-softbank-funding"  title="splyt-softbank-funding"
News / Technology
Splyt raises $19.5M to help SoftBank with super app strategy
By Linda Fox | June 18, 2020
Mobility specialist Splyt has raised $19.5 million in Series B funding to fuel expansion and help SoftBank with its super app strategy. Read More
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News / Technology
Grab raises $856M to grow financial services, digital payments in Southeast Asia
By Steven Lerner | February 25, 2020
Super app Grab has secured a pair of investments totaling $856 million, fueling the so-called decacorn’s latest amplification into financial services and digital payments. Read More