Business

Only minor changes as Grab buys Uber in Southeast Asia

Ahirul Ahirudin
Written by Ahirul Ahirudin

KUALA LUMPUR — March 26, 2018: Following today’s announcement on the sale of Uber to Grab in Southeast Asia, Malaysians can still use the former’s application until April 8 before having to migrate to the one by Grab.

Those who have yet to have a Grab account will have to register a new one.

Fans of the UberEats app can still enjoy its services until May before having to migrate to Grab’s similar offering, which is the GrabFood app that offers similar prices.

Existing Uber drivers can opt to continue serving and have their accounts transferred to Grab. They too can serve under Uber for its fare and incentive rates until April 8.

Grab will notify all Uber drivers within five days and help them make the switch if they are inclined to do so.

There will no change in the fare structure and benefits offered. Similarly current the earnings by Grab drivers will not be affected by the increase in the number of drivers due to the migration from Uber.

All drivers under Grab, whether existing or new, will continue to benefit from Grab’s services such as GrabRewards and GrabAllStars.

To sum it up, customers of Uber only need to register for a new account with Grab if they haven’t done so. The same applies to existing Uber drivers who will have their accounts transferred to Grab.

As part of the acquisition, Uber is offered 27.5 per cent of Grab while its CEO Dara Khosrowshahi will join Grab’s board.

“We are humbled that a company born in SEA (Southeast Asia) has built one of the largest platforms that millions of consumers use daily and provides income opportunities to over five million people. Today’s acquisition marks the beginning of a new era. The combined business is the leader in platform and cost efficiency in the region,” said Anthony Tan, CEO and co-founder of Grab.

Grab, initially known as MyTeksi, was founded in Malaysia in 2012 while Uber began in the United States in 2009.

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Ahirul Ahirudin

Ahirul Ahirudin