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Singapore-based food delivery firm, Grab, acquired Malaysian grocery chain

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Singapore-based food delivery firm, Grab Holding Ltd, has acquired Jaya Grocer Holdings, a Malaysian grocery chain. Grab is Southeast Asia’s largest ride-hailing company which operates in more than 400 cities within eight countries of Southeast Asia. These countries include Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. A subsidiary of Grab has planned to acquire the ordinary shares of Jaya Grocers along with 75% of its preferred shares.

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ConsumerGeniuses

Consumer Goods industry will surpass $15T globally by 2025. However the old business model of mass distribution is about to become obsolete. Digital Transformation, Millennials and Gen Z effect, Direct to Consumer and Post-Covid World are going to reshape the winning formula for the new era CG industry. Our weekly newsletter covers global innovations and disruptions in CG industry.

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