“Addressable market; is this a big problem; are we the best ppl to solve it; can we leverage our assets? That's how we thought abt every next service we launched, while we improvd the unit economics of the total platform.” @AnthonyPY_Tan on @MorganStanley: grb.to/3CN5dF5
Everyone seems to be talking about the concept of an “everything app”. Here’s what we’ve learned on our journey to building Southeast Asia’s leading #superapp (a thread):
5/ We started building an optimisation into the platform in February, which we call Just in Time. ⏲ In the month of July, we saved about 12 million minutes from our network, when compared to February.
6/ Our #superapp journey was guided by connecting complementary services, e.g. from food to grocery delivery. We are focused on solving real problems that affect many in our home of Southeast Asia. 🌏
We're trialing quiet rides in Malaysia, and already rolled out the feature across Vietnam in September. How do you feel about chatting with your driver?
3/ In 2023, we expect revenues to grow by 45-55% year-on-year on a constant currency basis. We have a strong revenue outlook for this year of $1.25B to $1.3B.
4/ Building on our key segments:
1️⃣Maintaining our steady state margins in mobility of 12%
2️⃣Driving towards our 3% margins in deliveries
3️⃣Driving our path to profitability in GrabFin
A snapshot of Southeast Asia's #gigeconomy: 78% of total employment in SEA is gig-based. Compare this to the US where only 19% of the workforce is engaged in informal employment.
4/ Another challenge of gig work we want to solve: access to upskilling 🎓 >780,000 partners completed courses on GrabAcademy on digital and financial literacy in 2021.
5/ @cherylgoh, Head of Sustainability and Marketing: "ESG holds us accountable to the things we care most about: 1. Longevity of gig work 2. Community safety
3. Environmental sustainability."