https://www.reuters.com/article/us-grab-ventures-launch/southeast-asias-grab-launches-innovation-arm-to-develop-tech-start-ups-idUSKCN1J10AH

Southeast Asia's Grab on Tuesday launched Grab Ventures, its innovation arm to develop technology start-ups in sectors such as transport, food services, logistics and financial services, further expanding beyond ride-hailing.Grab, which made its start as a taxi-booking app six years ago, has ventured into areas including payments and food delivery. Earlier this year, it bought Uber Technologies'regional operations.