Grab invests $100M in Myanmar operations to take on Uber
August 28, 2017
Platform Software | Singapore, Singapore
Grab, the chief rival of Uber in Southeast Asia, has committed $100 million to expanding its presence in Myanmar, with plans to launch additional products and build out a team of up to 200 people. Grab's latest infusion of cash into the country is reportedly an attempt to better take on the US-based ridehailing giant, which also launched in Myanmar earlier this year. Founded in 2012, Grab has raised $2 billion so far this year as part of its bid to defeat Uber in the region.