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The problem with Rocket's statement is that Easy Taxi completely shut down operations in Hong Kong, Indonesia and India, as well as in Taiwan, back in December 2014. Also in December, Easy Taxi scaled back in Malaysia by laying off at least 20 staff members.
Actual taxi and private-hire vehicle bookings by the app may be even fewer, if Grab customers make much use of the extra services like food delivery, payments, insurance and videos that Grab has added to its hailing services in its quest to interest South-East Asians in a super app.
Regardless, it's safe to say that PricePanda Thailand occupies dead last place with a share way below 1%, according to SimilarWeb. It was launched a year ago this month by the German startup conglomerate Rocket Internet.
What's more, Tan has taken Singaporean citizenship, according to a Grab filing with the Singapore government last year ... Grab's holding company lost $82.8 million in 2016, more than triple its losses in 2015, ... Grab faces strikes and protests by drivers, lawsuits in Vietnam and Myanmar, and governments still debating how best to license and tax ride-hailing companies.
By Susan Cunningham Forbes Asia (This profile appeared in the March 2017 issue of Forbes Asia. Within ten days of its March 1 publication, Richard Quest did an in-person interview on CNN with the subject. Just a coincidence?) Patrick Y-Kin Grove is leaning against the pool table in Catcha Group's headquarters in the Mid Valley... Continue Reading →
Susan J Cunningham 