Bayshore Capital Advisors, LLC makes investment in GrabTaxi.
Grab is Southeast Asia’s dominant ridesharing platform, with over 70% market share and growing. Southeast Asia, home to over 600 million people, is nearly half as large as China. In addition to transportation, the company offers food delivery and digital payments services via a mobile app. It is Southeast Asia’s first startup with a valuation of over $10 billion USD.
Grab is headquartered in Queenstown, Singapore.