Booking Holdings, Grab enter into strategic partnership
Booking Holdings, the global leader in online accommodations and travel e-commerce, and Grab Holdings Inc, the leading on-demand transportation and mobile services platform in Southeast Asia, on Tuesday announced that the two parties have entered into a strategic partnership.
With the partnership, Booking Holdings’ brands will have the ability to offer on-demand transport services through their apps, powered by Grab, and Grab customers will be able to book accommodations across the globe powered by Booking.com and agoda.
In addition, Booking Holdings has invested US$200 million in Grab, recognising Grab as the leading online-to-offline mobile (O2O) mobile platform in Southeast Asia.
Grab has raised over US$2 billion for its current round of financing and is on track to raise over US$3 billion by the end of this year.
Grab has a presence in 235 cities in eight countries and enables 8 million micro-entrepreneurs through its platform.
