Grab to open new office in Vietnam

posted in: Industrial News | 0

 

 

Grab
Photographer: Ore Huiying/Bloomberg

 

Grab, the main rival of Uber in Southeast Asia, made an official announcement about the opening of new offices in Ho Chi Minh City, Vietnam and Bangalore, India.

These two engineering centers will take Grab to six R&D locations worldwide (including offices in Singapore, Grab’s HQ in Malaysia, Beijing and Jakarta). Grab also stated that it would not expand into India in spite of opening the new engineering office here.

This move is a bid to recruit more talents to compete with its rival Uber in Southeast Asia, where the market for ride hailing is predicted to grow up to $13.1 billion in 2025.

Grab’s co-founder Hooi Ling Tan said in an interview with TechCrunch that they were looking to hire around 200 employees in Bangalore to work on the payment system. For Ho Chi Minh City office, they will start with a squad of 25 staffs. Currently, Grab has a total of 2,000 employees and they are planning to recruit 800 more developers across those 6 R&D Centers.

Grab’s competitor in Indonesia, Go-Jek has started looking for talents in India by setting up offices in Bangalore last year. Uber, on the other hand, has an engineering team in Hyderabad but not in Southeast Asia.

Source: TechCrunch

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