Grab officially opens Singapore HQ, launches US$1m scholarship programme

·Finance Editor
·2-min read
Left image: Grab HQ; right image, from left: Tan Hooi Ling, co-founder of Grab, Deputy Prime Minister and Minister for Finance Lawrence Wong, and Anthony Tan, co-founder and group CEO of Grab. (PHOTO: Grab)
Left image: Grab HQ. Right image, from left: Tan Hooi Ling, co-founder of Grab, Deputy Prime Minister and Minister for Finance Lawrence Wong, and Anthony Tan, co-founder and group CEO of Grab. (PHOTO: Grab)

SINGAPORE — Grab Holdings Ltd, Southeast Asia's biggest ride-hailing and delivery company, officially opened its new headquarters in Singapore as Grab celebrated its 10th anniversary.

The 42,000 sq m office space at One-North business park will house 3,000 staff, and a research and development centre, as well as a new merchant centre to help small companies thrive online, the company said in a statement on Thursday (11 August).

The GrabMerchant Centre is a one-stop hub dedicated to helping businesses optimise their online presence, maximise GrabFood, GrabMart, GrabFin and GrabAds services for their businesses, as well as learn to use digital tools to grow. The centre will provide one-on-one business consultation services for over 12,000 merchant-partners for a fee.

"As we celebrate Grab's 10th anniversary this year, we hope that our announcements today will help small businesses and our future workforce upskill and maximise their opportunities, even in this challenging macro environment," said Anthony Tan, Group CEO and co-founder of Grab.

Providing access to digital tools can be a powerful way to ensure all Southeast Asians can equally participate in — and benefit from — the rising digital economy, the same way 10 years ago when its driver-partners learned how to use their smartphones to earn incomes, Tan added.

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Grab HQ lobby. (PHOTO: Grab)
Grab HQ lobby. (PHOTO: Grab)
Grab cafeteria (left) and lobby. (PHOTO: Grab)
Grab cafeteria (left) and lobby. (PHOTO: Grab)

The company also announced a US$1 million GrabScholar programme which will provide 2,000 university scholarships and bursaries annually across the eight Southeast Asian countries it operates in. This is in addition to existing scholarship and bursary initiatives that are offered to the children of Grab's driver-, delivery- and merchant-partners in Singapore and Thailand.

The nine-storey headquarters, which is also home to the digibank team, is one of two headquarters that the company has in the region. The other is in Jakarta, Indonesia, and serves as Grab's regional innovation hub for small businesses, the company said.

Lawrence Wong, who is the Deputy Prime Minister and Minister for Finance, graced the anniversary celebrations at Grab's new headquarters.

The company, founded by Tan and Tan Hooi Ling (not related) in 2012, started trading on the Nasdaq stock exchange on 2 December after a record US$40 billion merger with a special purpose acquisition company.

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