July 21, 2017

Grab aims to work with 5 million micro-entrepreneurs next year

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By Grab (Grab official website) [Public domain], via Wikimedia Commons

Ride-hailing app Grab aims to get 5 million micro-entrepreneurs to partner with it in the next phase of its Grab 4 Indonesia initiative. (shutterstock.com/Maxxa Satori /File) Regional ride-hailing app Grab aims to get 5 million Indonesian micro-entrepreneurs to partner with the platform by next year, as part of the next phase of its Grab 4 Indonesia initiative.

In its Grab 4 Indonesia master plan, Grab plans to invest US$700 million within the next four years.

“We want to support technopreneurship. We also want to help Indonesia reach its goal of being the country with the biggest digital economy in the region,” Grab Indonesia managing director Ridzki Kramadibrata said on Thursday.

(Read also: Grab to invest $700 million in Indonesia )

Grab revealed that within the last three months, it had conducted its first phase of investment by finalizing its integration with Indonesian startup Kudo and opening a new research and development center in Jakarta.

It is its sixth research and development center in the world, with other centers located in Beijing and Seattle, among others.The center will house 200 engineers by the end of 2017. (bbn)

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