Grab’s SPACtacular rise… and looming threats

Grab’s SPACtacular rise… and looming threats - Hello loyal readers FeedGoogle, In the article you are reading this time with the title Grab’s SPACtacular rise… and looming threats, We have prepared this article well for you to read and take information in it. hopefully the contents of the post Article Malaysians, what we write you can understand. Alright, happy reading.

Grab is an unequivocal success. It’s one of Southeast Asia’s biggest ever startups and has achieved what most companies can only dream of. In a short nine years, it has gone from a scrappy startup to a regional tech juggernaut.The latest feather in its cap is its SPAC (special purpose acquisition company) deal – the largest of its kind the world has seen – that will fill its coffers with more than US$4 billion and value it at a near-astronomical US$40 billion (RM165 billion). This makes it more valuable than Malaysian giants Maybank, Tenaga Nasional and Sime Darby combined.The best part of it all? The founders – Anthony Tan and Tan Hooi Ling are both Malaysian, with Grab starting as MyTeksi in 2012 right here in Kuala Lumpur. I can’t help but feel proud of the fact that two Malaysians have orchestrated a masterclass in startup building that can rival that of luminaries in Sili…