Grab completed the acquisition of a majority stake in Jaya Grocer.

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.