Grab sees service outages in several SEA countries

Details:

• The outage reportedly affected users in Singapore, Malaysia, Indonesia, and the Philippines.
• A Grab representative told Tech in Asia that while services have been restored, it’s continuing to monitor its system to ensure the root cause has been fully addressed.

Dive deeper:

• Grab is in the process to list in the US via a special purpose acquisition company, but its revenue in the third quarter this year was down 9% from 2020.
• Food delivery has been an important segment amid the pandemic for Grab, a segment which could help it achieve positive EBITDA (earnings before interest, taxes, depreciation, and amortization) by next year. (Read also: How Grab built its lead in the food delivery war)