Grab’s SPACtacular rise… and looming threats - Printable Version +- Ipoh Community Forums (https://forums.ipoh.com.my) +-- Forum: News and Current Affairs (https://forums.ipoh.com.my/forum-11.html) +--- Forum: Local News (https://forums.ipoh.com.my/forum-12.html) +---- Forum: Business. Economy and Investment (https://forums.ipoh.com.my/forum-60.html) +---- Thread: Grab’s SPACtacular rise… and looming threats (/thread-1418.html)

Grab’s SPACtacular rise… and looming threats - superadmin - 04-26-2021 Grab is an unequivocal success. It’s one of Southeast Asia’s biggest ever startups and has achieved what most companies can only dream of. In a short nine years, it has gone from a scrappy startup to a regional tech juggernaut. The latest feather in its cap is its SPAC (special purpose acquisition company) deal – the largest of its kind the world has seen – that will fill its coffers with more than US$4 billion and value it at a near-astronomical US$40 billion (RM165 billion). This makes it more valuable than Malaysian giants Maybank, Tenaga Nasional and Sime Darby combined. The best part of it all? The founders – Anthony Tan and Tan Hooi Ling are both Malaysian, with Grab starting as MyTeksi in 2012 right here in Kuala Lumpur. I can’t help but feel proud of the fact that two Malaysians have orchestrated a masterclass in startup building that can rival that of luminaries in Silicon Valley and Shenzhen. - More -