Grab completed the acquisition of Bento Invest for $10m.

Grab, a Singaporean ride-sharing company, completed the acquisition of Bento Invest, a Singapore-based robo-advisory start-up, for $10m. With the acquisition, Bento will be rebranded as GrabInvest with products launched on the Grab app in the first half of the year in Singapore. GrabInvest will be a new core business vertical under Grab’s financial services arm, Grab Financial Group, led by Chandrima Das, Bento Founder and CEO. “The Bento and Grab Financial teams share a common vision to democratise investments for our customers irrespective of their wallet size. I am grateful for the opportunity to be part of the Grab ecosystem as we work together to make wealth management solutions serve the financial needs of millions of Southeast Asians,” Chandrima Das, Bento Founder and CEO.