Grab acquires Malaysia'sEverrise supermarkets to expand grocery business

The deal value has not been disclosed.

Grab Holdings Ltd. is acquiring Malaysia’s Everrise supermarket chain as part of its expansion into the grocery sector, the company announced on Monday.

In a report by Bloomberg, the ride-hailing and food delivery giant is purchasing Everrise from private equity firm Navis Capital Partners, gaining control of 19 stores in Sarawak. Grab did not disclose the deal value.

The acquisition marks another step in Grab’s grocery push following its purchase of Jaya Grocer three years ago. The company plans to digitise Everrise’s operations and introduce on-demand grocery delivery services.

Southeast Asia’s largest ride-hailing platform is diversifying its business amidst rising competition from rivals such as Indonesia’s GoTo Group, expanding into areas like online banking and groceries.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia