GrabTaxi Holdings Pte. Ltd. (branded as simply Grab) is a transportation network company based in Singapore. In addition to transportation, the company offers food delivery and digital payments services via mobile app. It operates in the Southeast Asian countries of Singapore, Malaysia, Indonesia, Philippines, Vietnam, Thailand, Myanmar, and Cambodia. It is the region's first "decacorn" (a startup with a valuation of over US$10 billion.)
In 2016, Grab opened a major development centre and office in Seattle to serve as a tech hub to attract talent in the United States.
The Grab app assigns taxis to nearby commuters through a location-sharing system. Each time the company enters a new market, they buy smartphones for drivers in countries that they expand to, allowing those drivers to pay daily installments for the phone. The company makes money by taking a cut of the booking fees. Although some taxi companies have tried to stop their own drivers from using the app, Grab reached out directly to taxi drivers by signing them up at airports, hawker centres, taxi queues, and depots. The company also educates taxi drivers on using the smartphone and their mobile app. In addition to large cities, Grab has also tried to penetrate the markets of smaller cities.