In today’s briefing:
- Grab Holdings (GRAB US) – Leaning In with Product Initiatives
Grab Holdings (GRAB US) – Leaning In with Product Initiatives
- Grab‘s 1Q2024 reflected strong performance from its deliveries and mobility segments despite seasonal headwinds, with growth driven by new initiatives rather than increased incentives, with affordable products leading.
- The company has launched new products in the premium segment, with advanced bookings improving the most recent initiative, while its saver products are increasing spend, frequency, and retention.
- Another key feature of the 1Q2024 has been the strong performance of groceries, driven by alliances with retailers, and booking higher growth than food deliveries.
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