Grab Holdings Limited Trades on Nasdaq Following Successful Business Combination with Altimeter
MUFG Innovation Partners Co., Ltd. (“MUIP”), a corporate venture capital fund and a wholly-owned subsidiary of Mitsubishi UFJ Financial Group, Inc. (“MUFG”), proudly announces that Grab Holdings Limited (“Grab”), Southeast Asia’s leading super app and one of MUIP’s portfolio companies, completed its business combination with Altimeter Growth Corp. (Nasdaq: AGC) (“Altimeter”), a special purpose acquisition company, and started trading on the Nasdaq on December 2, 2021 under the ticker symbol “GRAB.”
Grab is the leading super app in Southeast Asia, providing everyday services that matter most to consumers. Today, the Grab app has been downloaded onto over 185 million mobile devices, giving users access to over 9 million drivers, merchants and agents. Grab offers the widest range of on-demand transport services in the region, in addition to food, package delivery, digital payments and financial services, across 428 cities in eight Southeast Asian countries. For more information, visit https://www.grab.com.
MUIP will continue to support the strategic partnership and business synergies between Grab and MUFG group companies.
Name: Grab Holdings Limited
Year of Establishment: 2012
Representative: Anthony Tan (CEO)
Business Description: Grab provides transportation, delivery, mobile payment, financial services and enterprise offerings in Southeast Asia through its mobile application
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with around 3,000 locations in more than 50 countries. The Group has over 180,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to ““Committed to empowering a brighter future.” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https://www.mufg.jp/english
【About MUFG Innovation Partners】
MUFG Innovation Partners, Co., Ltd. is a consolidated subsidiary of MUFG, and was established as a corporate venture capital fund responsible for both MUFG’s open innovation strategy to accelerate partnerships between startups and MUFG, and strategic investments in startups. For more information, visit https://www.ip.mufg.jp/