Grab the young rival to Uber Technologies is rising fast
Grab is the new rival to Uber Technologies and they’re expanding fast.
The Singapore-based ride-hailing service, Grab, is the new rival to Uber Technologies in Southeast Asia. The company has recently shared its plan to establish its engineering functions in India, Vietnam, and Indonesia. Bangalore would be the head R&D for India. Whereas, Jakarta for Indonesia and Ho Chi Minh City for Vietnam.
Following these three engineering centers, the company would then have six R&D in total. After setting its first markup in the homeland (Singapore), the ride-hailing company established its R&D centers in Beijing (China) and Seattle (USA).
As compared to Uber, Grab is expanding its operations at a much faster pace. The company has also rolled out that they intend to hire 200 employees in India, where the team would work mainly on developing secure mobile payment platform. The company is fond of the talent found in the country.
Besides India, the young ride-hailing company is planning to invest more in staff. 150 people would be hired for Indonesia and another 25 for Vietnam. Till now, the company has 2,000 employees onboard and they plan to add 800 more.
Grab claims to have 710,000 registered drivers in the six countries of Southeast Asia. With over 36 million downloads of the mobile app and some preliminary data available, it’s estimated that Grab and Uber Technologies are sharing an equal market share in the region.
Uber, besides some negative incidents in the recent past, is working to on its futuristic plans. The company is continuously investing in Uber AI Labs, where the company aims at self-driving cars.
Image credits: Mind a Nation
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