M&A Deal Summary

GrabTaxi Holdings Pte Acquires Uber Technologies - Southeast Asia Operations

On March 26, 2018, GrabTaxi Holdings Pte acquired internet software and services company Uber Technologies - Southeast Asia Operations from Uber

Acquisition Highlights
  • This is GrabTaxi Holdings Pte’s 3rd transaction in the Internet Software and Services sector.
  • This is GrabTaxi Holdings Pte’s 2nd transaction in India.

M&A Deal Summary

Date 2018-03-26
Target Uber Technologies - Southeast Asia Operations
Sector Internet Software and Services
Buyer(s) GrabTaxi Holdings Pte
Sellers(s) Uber
Deal Type Divestiture

Target

Uber Technologies - Southeast Asia Operations

India
Uber Technologies, Inc. - Southeast Asia Operations include ridesharing and food delivery business operations and assets in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

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Buyer(S) 1

Buyer

GrabTaxi Holdings Pte

Singapore, Singapore

Category Company
Founded 2012
Sector Internet Software and Services
DESCRIPTION

GrabTaxi Holdings Pte Ltd. is a mobile and web-based application that enables users to find, book and compare taxi services.


DEAL STATS #
Overall 3 of 3
Sector: Internet Software and Services M&A 3 of 3
Type: Divestiture M&A Deals 1 of 1
Country: India M&A 2 of 2
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-17 iKaaz Software Pvt.

Bengaluru, India

iKaaz Software Pvt. Ltd. is a mobile payments platform, that offers cashless payment and transaction solutions. iKaaz Software Pvt. Ltd. was founded in 2012 and is based in Bengaluru, India.

Buy -

Seller(S) 1

SELLER

Uber

San Francisco, California, United States

Category Company
Founded 2009
Sector Internet Software and Services
Employees31,100
Revenue 44.0B USD (2024)
DESCRIPTION
Uber service center in Chicago, Illinois.
Uber service center in Chicago, Illinois.

Uber develops, markets, and operates a mobile-app-based transportation network. Uber connects passengers with a variety of drivers for both personal and food delivery. Uber was formed in 2009 and is based in San Francisco, California.


DEAL STATS #
Overall 3 of 8
Sector: Internet Software and Services M&A 2 of 3
Type: Divestiture M&A Deals 3 of 6
Country: India M&A 1 of 2
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-30 Xchange Leasing

Phoenix, Arizona, United States

Xchange Leasing LLC helping U.S. drivers with spotty credit histories lease a car to drive for the ride-hailing company. The idea was that the more people were driving for Uber, the better Uber’s chances of reducing passenger wait times and increasing market share. The company charged drivers nearly $500 a month on a 36-month lease term and deducted payments from drivers’ earnings.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-09 JUMP Bikes

New York, New York, United States

Social Bicycles, Inc. (dba JUMP Bikes) enables members to find bikes at hub locations and reserve from the web, mobile applications, or directly from the bike itself. It serves residential properties, municipalities, universities, and corporate campuses in the US and internationally. The Company was formed in 2011 and is headquartered in New York City.

Buy $100M