Grab Denies Rumor of Plan to Exit Indonesia

Grab, the prominent Southeast Asian superapp, has firmly denied circulating rumors suggesting an intention to exit the Indonesian market. The company emphasized its deep commitment to the country, which it considers a vital part of its operational ecosystem.

In a written statement, Grab Indonesia CEO Neneng Gundai asserted, "Indonesia is an integral ecosystem for Grab." She further elaborated that the company respects and adheres to the Indonesian government's policies and mandates. Grab is dedicated to supporting the national agenda aimed at fostering an inclusive, sustainable, and people-oriented digital economy.

Having operated in Indonesia for over a decade, Grab highlighted its ongoing commitment to continued growth and its active role in supporting the livelihoods of millions of Indonesians. The company estimates its market share in Indonesia's domestic ride-hailing and online delivery industry to be around 50 percent.

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Indonesia is an integral ecosystem for Grab.

Gundai reassured stakeholders that Grab will maintain its collaborative efforts with the Indonesian government, its partners, and all relevant parties within the country. This statement comes amidst ongoing discussions and speculation regarding potential mergers and market dynamics within the superapp sector in Indonesia.

The company's denial aims to quell market uncertainty and reaffirm its long-term strategic focus on Indonesia, a key market within its Southeast Asian operations. Grab's continued presence is seen as crucial for its regional strategy and for the millions of users and driver-partners who rely on its services.

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Grab is committed to continued growth and playing an active role in supporting people's livelihoods.