Singapore’s Grab bets on AI, new services to triple profit by 2028
Southeast Asia’s top ride-hailing and delivery firm, Grab, is betting on artificial intelligence and expansion of new services such as online groceries and financial products to triple profit by 2028, the company’s president told Reuters.
Grab has set goals for the next three years of growing revenue by more than 20% each year and tripling Ebitda to $1.5 billion in 2028 from last year’s level, President and chief operating officer Alex Hungate said in an interview at the company’s Singapore headquarters.
