The big moment for Grab came last year when it acquired its rival Uber’s entire ride-hailing service in the region. So much so that Grab has now become a “decacorn” with a valuation of close to US$14 billion. With Grab, basically, one can swipe into its mobile-based application to hire anything that rides on wheels.

Touted as the super app model, Grab has forayed into multiple consumer services sectors such as hotel booking service, on-demand video platform, ticket purchasing, food ordering, grocery shopping, besides offering financial services.