RT @MastercardAP: We’re excited to partner with @insidegrab for a new @StriveBusiness program, boosting #MSME resilience in #SoutheastAsia….

“Addressable market; is this a big problem; are we the best ppl to solve it; can we leverage our assets? That's how we thought abt every next service we launched, while we improvd the unit economics of the total platform.” @AnthonyPY_Tan on @MorganStanley:

6/ Our #superapp journey was guided by connecting complementary services, e.g. from food to grocery delivery. We are focused on solving real problems that affect many in our home of Southeast Asia. 🌏.

5/ We started building an optimisation into the platform in February, which we call Just in Time. ⏲ In the month of July, we saved about 12 million minutes from our network, when compared to February.

4/ Efficiency: every minute saved makes a huge difference to the whole network. Our tech cuts down drivers’ waiting time for food to get prepped, and batches orders so they can complete more jobs in a day.

3/ We use our large driver network to move people, food, packages & now even groceries. In Q2 2022, 69% of our two-wheel driver-partners provided both rides and food deliveries. Multiple job types = ⬆️ their income opportunities, ⬇️ our cost to serve.

2/ Our #superapp journey is a little different from other Asian superapps like WeChat. We decided to focus on solving problems that are endemic across the region, e.g. safety in transportation. This helped us build the largest on-demand driver network in SEA.

1/ This region gravitates toward one-app-to-serve-many-needs. Most people’s first experiences with the Internet are through mobile. Plus, on entry-level or older phones that are common here, people prefer to have fewer apps. 📲.

Everyone seems to be talking about the concept of an “everything app”. Here’s what we’ve learned on our journey to building Southeast Asia’s leading #superapp (a thread):.

Quiet Rides are already live and public in the Philippines, and in Thailand, we call it Silent Mode 🤫.

We're trialing quiet rides in Malaysia, and already rolled out the feature across Vietnam in September. How do you feel about chatting with your driver?.

Aaand, that’s a wrap! Follow @insidegrab for all the latest about Grab, here first.

BREAKING 📢: We're expecting breakeven on a group adjusted EBITDA basis by H2 2024.

4/ Building on our key segments: .1️⃣Maintaining our steady state margins in mobility of 12%.2️⃣Driving towards our 3%+ margins in deliveries.3️⃣Driving our path to profitability in GrabFin.

3/ In 2023, we expect revenues to grow by 45-55% year-on-year on a constant currency basis. We have a strong revenue outlook for this year of $1.25B to $1.3B.

2/ Our group GMV has increased 2x in the past two years, reaching an all-time high of >$5B in Q2 2022. This translates to an annualized run-rate of $20B.

Our CFO @peteroey is on stage to wrap up, by laying out how our strategy is translating to financial performance.

5/ @cherylgoh, Head of Sustainability and Marketing: "ESG holds us accountable to the things we care most about: 1. Longevity of gig work 2. Community safety.3. Environmental sustainability.".

4/ Another challenge of gig work we want to solve: access to upskilling 🎓 >780,000 partners completed courses on GrabAcademy on digital and financial literacy in 2021.

3/ More than half who’ve previously taken a loan re-apply for new loans with us. Also, by 2018, we were able to accident insurance coverage to all our driver-partners everywhere.