The conglomerate disclosed its earlier funding of the ride hailing app, formerly known as GrabTaxi, alongside the formation of an e-commerce delivery partnership.
Conglomerate Lippo Group formed a strategic partnership with Singapore-based ride hailing platform Grab yesterday, revealing at the same time to Tech in Asia that it is an investor in the company.
Founded in 2011 as GrabTaxi, Grab operates an on-demand ride platform operating in six Southeast Asian countries.
Indonesia-based Lippo recently pumped $500m into MatahariMall, the e-commerce version of its Matahari department store chain, and Grab will assist it with home deliveries in cases where customers would prefer not to…
