Announced
Completed
Financials
Sources
Tags
Single Bidder
supermarket chain
Completed
Friendly
Food Retailers and Wholesalers
Majority
Private
Acquisition
Malaysia
Cross Border
Synopsis
Grab, a technology company, completed the acquisition of a majority stake in Jaya Grocer, a supermarket chain. Financial terms were not disclosed. “It is our vision to make on-demand groceries more accessible for everyone. Jaya Grocer is known for their wide selection of good-quality fresh produce and grocery products. By combining our extensive on-demand delivery fleet and capabilities, with Jaya Grocer’s strong retail presence and supplier network, we can have these quality products delivered to more homes even faster. We believe this partnership will further accelerate the growth of our groceries delivery business, and we are excited by the immense opportunity ahead of us,” Anthony Tan, Grab CEO and Co-Founder.
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