After making a mark as transport firm, Singapore-based ride-hailing firm Grab is now working on a super app that can help it serve logistics, food delivery, health care, and payments services to consumers.
The company has been working with around 200 engineers at Bengaluru Centre and plans to hire 200 more over the next 12 months.
Grab’s executive said that the company would continue to focus actively on payment and other features to help it make a super app.
At the Bengaluru centre, the company is working on multiple product lines. It first started with payments then ventured into a full financial services platform including lending platform. Then it expanded team for data engineering and data science. Next, it plans to work on an insurance product.
“Since Southeast Asia is unmapped, we are starting to build the team over here to support the geo-mapping. We are also building security and data engineering teams”, said Theodore Vassilakis, group CTO of Grab to Business Standard. The company has also set up a lab for research work.
Though, he did not say anything on launching India specific services.
Grab opened the Bengaluru R&D centre, one of the 7 locations globally, in March 2017. Ever since it has been in operation. Last year, the company had acquired local payments start-up iKaaz.
In December, Grab also had invested $100 million in Gurugram-based budget hotel firm OYO.
In 2018, the ride-hailing firm claimed to hit $1 billion in revenue. It claims to have 3 billion rides and 138 million downloads across eight countries in Southeast Asia.