#5
Grab
Grab dominates Southeast Asian food delivery with 35 million monthly transacting users across 8 countries, holding a 55% regional market share. Its superapp model—integrating ride-hailing, financial services, and groceries alongside GrabFood—drove a $40 billion valuation after its 2021 SPAC debut. In 2025, GrabFood alone generated $2.5 billion in revenue, backed by a fleet of 500,000 driver-partners.
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