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Jack Ellis · · 1 min readIn brief: Grab confirms HappyFresh investment
Grab Ventures, the venture arm of Southeast Asia’s ride-hailing giant Grab, has picked up a minority stake in grocery-delivery startup HappyFresh, its head Chris Yeo confirmed.
[Grab’s] grocery-delivery service, dubbed GrabFresh, was launched in partnership with HappyFresh.
Source: DealStreetAsia
The ride-hailing firm unveiled GrabFresh in July, integrating HappyFresh’s platform into its app.
Yeo said that since launching in June, Grab Ventures has received enquiries from more than 300 startups about joining its programs, and it plans to narrow these down to about 10 potential investments over the next two years.
HappyFresh is the fifth startup that has been publicly confirmed to join Grab Ventures, following self-driving software maker Drive.AI, mobile payments system iKaaz, online-to-offline commerce platform Kudo – which Grab acquired last year – and Grab’s internally developed bike-sharing app GrabCycle.
Editing by Eileen C. Ang
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