Funding

Grab Invests In London-Based Splyt: Users Can Soon Book Rides Outside Of SEA

According to a Bloomberg report, ride-hailing firm Grab has recently invested in London-based software startup Splyt Technologies Ltd.

The investment figure is undisclosed and is part of an US$8 million funding round for Splyt.

With this new partnership, Grab users can book rides via either apps.

Progressively, Grab users can book rides overseas, even in markets where Grab does not operate in. These rides will be fulfilled by Splyt’s partners without having to download another app.

In terms of payment, users can also expect to pay in their home currency.

Grab also plans to beef up its app and integrate features like travel tips, local restaurant reviews and attraction recommendations.

With these plans, it’s clear that Grab is inching closer to its super app ambition, where users are offered a range of services to keep them on the platform.

Beyond ride-hailing, Grab offers a plethora of other services like food and parcel delivery, hotel booking, trip planner, and even video streaming.

Under the Grab and Splyt partnership, Ctrip and AliPay customers visiting Southeast Asia can already take Grab rides through their own apps.

In other news, Splyt is opening an opening an office in Singapore and plans to grow its tech team in the region.

Featured Image Credit: Singapore Business Review

 

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