Singapore’s Grab to start selling map data to businesses
$Grab Holdings(GRAB.US$
South-east Asian super app Grab will start selling its map data to businesses as the group strives to become profitable amid concerns over lossmaking technology companies.
The ride-hailing and food delivery app will launch a business focused on selling map data and map-making capabilities, pitting the Singapore-based company against US tech giant Google’s map service and other global geolocation providers such as the Netherlands-based TomTom.
The move is part of a push by Grab to grow its business-to-business unit in an attempt to become profitable. It believes south-east Asia’s mapping market will be worth $1bn by 2025.
South-east Asian super app Grab will start selling its map data to businesses as the group strives to become profitable amid concerns over lossmaking technology companies.
The ride-hailing and food delivery app will launch a business focused on selling map data and map-making capabilities, pitting the Singapore-based company against US tech giant Google’s map service and other global geolocation providers such as the Netherlands-based TomTom.
The move is part of a push by Grab to grow its business-to-business unit in an attempt to become profitable. It believes south-east Asia’s mapping market will be worth $1bn by 2025.
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