{"id":11204,"date":"2023-03-02T10:45:02","date_gmt":"2023-03-02T16:45:02","guid":{"rendered":"https:\/\/www.iscripts.com\/blog\/?p=11204"},"modified":"2023-03-02T10:45:02","modified_gmt":"2023-03-02T16:45:02","slug":"on-demand-business-model-grab","status":"publish","type":"post","link":"https:\/\/www.iscripts.com\/blog\/on-demand-business-model-grab\/","title":{"rendered":"Grab: Ride Sharing Business Model"},"content":{"rendered":"\n<p>Grab is a Singapore-based company, which is Southeast Asia\u2019s leading ride-hailing platform that offers ride-sharing, food delivery services, booking services for taxis, private cars, motorbikes, car-pooling, shuttle services, bicycle-sharing through a single app. <\/p>\n\n\n\n<p>Anthony Tan and Tan Hooi Ling rolled out GrabTaxi in Malaysia in 2012, later in 2016, they rebranded GrabTaxi into Grab. Within a span of seven years, Grab has taken its ride-hailing service growth across eight countries in Southeast Asia. The big moment of Grab was in 2018 when they acquired Uber\u2019s Southeast Asia\u2019s entire ride-hailing service.<\/p>\n\n\n\n<p>With Grab, one can swipe into its mobile-based application to hire anything on wheels. Average daily rides in Grab are 6 Million with more than 2.8 Million drivers. Now Grab is providing everything in the consumer service sector and they have invaded multiple services like hotel booking service, On-Demand video platform, food ordering, ticket purchasing, trip planning, and grocery shopping.&nbsp;<\/p>\n\n\n\n<h2><strong>What Does Grab SuperApp Offer?<\/strong><\/h2>\n\n\n\n<p>In 2016, Grab launched its QR-code-based mobile payment GrabPay which is available in six southeast regions. Besides Grab rides, GrabPay allows consumers to pay online for making a purchase in eCommerce platforms and can also be used in food delivery or fund transfer. Grab is also providing loans to small-medium enterprises and micro-insurance to drivers in Singapore. Grab has built a merchants network that consists of more than 600,000 merchants.&nbsp;<\/p>\n\n\n\n<p>Finally, GrabPay offers a \u2018Pay Later\u2019 option, a post-paid or installment payment that allows customers to pay at the end of the month for Grab services without any additional cost.&nbsp;<\/p>\n\n\n\n<h2><strong>How do GrabTaxi works?<\/strong><\/h2>\n\n\n\n<p>The functions of Grab is similar to <a href=\"https:\/\/www.iscripts.com\/blog\/uber-clone-script\/\">Uber<\/a> and <a href=\"https:\/\/www.iscripts.com\/blog\/how-does-lyft-work\/\">Lyft<\/a>. Grab is a simple application for a client to use.\u00a0<\/p>\n\n\n\n<ul><li>Input a get and drop-off address<\/li><li>When the application finds a nearby driver, confirm the request and from the minute you can track the area of the driver and can see an approximate time to reach you.&nbsp;<\/li><\/ul>\n\n\n\n<h3><strong>The 3 Steps Grab taken to conquer Southeast Asia<\/strong>:<\/h3>\n\n\n\n<p>Among the many steps Grab has taken to get a strong foothold in ASEAN nations, here are 3 main ones:<\/p>\n\n\n\n<ul><li>Meet Local Requirements<\/li><li>Solve Local Problems<\/li><li>Have a hyperlocal outreach<\/li><\/ul>\n\n\n\n<h2><strong>How does Grab SuperApp make money?<\/strong><\/h2>\n\n\n\n<p>Grab takes a commission of 16% &#8211; 25% for use of their services. In Malaysia, Grab has around 3.5 Million drivers, the minimum ride cost is RM5, after the 25% cut (RM1.25) the company will earn about RM4 Million revenue if every driver gets a confirmed ride.<\/p>\n\n\n\n<p>The credits deposited by the driver will be deducted with a corresponding amount for every booking they complete. Last year Grab was giving $4.30 to $5.70 for each ride in Singapore, such incentives could cost the firm millions per month. Grab doesn\u2019t deal with free or discounted rides to the passengers.\u00a0<\/p>\n\n\n\n<p>Consider another example, the average gross earnings of a full-time (12 hours) driver in a month is $1435 &#8211; $1670. After a 25% commission cut, drivers will earn $1795 &#8211; $2088. Based on this, Grab would have gotten about $360 &#8211; $418 of commission from a single driver.\u00a0<\/p>\n\n\n\n<h2><strong>How does Grab works for drivers?<\/strong><\/h2>\n\n\n\n<p>Grab had built an infrastructure system for drivers to stay with them. The reward system consists of three levels.&nbsp;<\/p>\n\n\n\n<ol><li>Silver<\/li><li>Gold<\/li><li>Platinum<\/li><\/ol>\n\n\n\n<p>The driver will achieve Silver if he completes 60 plus rides in a month with benefits from GrabAuto reward. This reward results in discounts and offers with car maintenance services.&nbsp;&nbsp;<\/p>\n\n\n\n<p>When the driver completes 150 plus rides a month he will achieve Gold. It offers retail vouchers and lifestyle benefits.&nbsp;<\/p>\n\n\n\n<p>To reach platinum the driver needs to complete 300 plus rides a month. In addition to the above rewards, he will get extra earning privileges and even medical offers at certain centers.&nbsp;<\/p>\n\n\n\n<p><strong>Grab also pays if:<\/strong><\/p>\n\n\n\n<ul><li>You put an advertisement on your car, you can earn up to $84 per month.&nbsp;<\/li><li>You refer a friend to be driver, earn $24 for each referral&nbsp;<\/li><\/ul>\n\n\n\n<p>In this way, Grab is taking many measures to maintain their drivers. The offers will keep you driving for them.&nbsp;<\/p>\n\n\n\n<h2><strong>How to build an app similar to Grab?<\/strong><\/h2>\n\n\n\n<p>So, if you are planning to build an app like GrabTaxi then here is an on-demand business model for ios and Android mobile app development.&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.iscripts.com\/uberforx\/\">iScripts UberforX<\/a> is an on-demand service platform that enables you to launch <a href=\"https:\/\/www.iscripts.com\/blog\/top-service-industries-drive-ondemand-economy-in-us\/\">Uber-like on-demand services<\/a> and marketplace for medical, health, automobile, food, maid, taxi, etc.\u00a0<\/p>\n\n\n\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile\"><figure class=\"wp-block-media-text__media\"><img width=\"511\" height=\"357\" src=\"https:\/\/www.iscripts.com\/blog\/wp-content\/uploads\/2022\/08\/uberforrx.png\" alt=\"\" class=\"wp-image-18724 size-full\" srcset=\"https:\/\/www.iscripts.com\/blog\/wp-content\/uploads\/2022\/08\/uberforrx.png 511w, https:\/\/www.iscripts.com\/blog\/wp-content\/uploads\/2022\/08\/uberforrx-300x210.png 300w\" sizes=\"(max-width: 511px) 100vw, 511px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<p class=\"has-large-font-size\">Check out iScripts UberforX Demo<\/p>\n\n\n\n<!--HubSpot Call-to-Action Code --><span class=\"hs-cta-wrapper\" id=\"hs-cta-wrapper-d7561be0-1c42-4f1d-a9a9-9379d5860276\"><span class=\"hs-cta-node hs-cta-d7561be0-1c42-4f1d-a9a9-9379d5860276\" id=\"hs-cta-d7561be0-1c42-4f1d-a9a9-9379d5860276\"><!--[if lte IE 8]><div id=\"hs-cta-ie-element\"><\/div><![endif]--><a href=\"https:\/\/cta-redirect.hubspot.com\/cta\/redirect\/2725694\/d7561be0-1c42-4f1d-a9a9-9379d5860276\" ><img class=\"hs-cta-img\" id=\"hs-cta-img-d7561be0-1c42-4f1d-a9a9-9379d5860276\" style=\"border-width:0px;\" src=\"https:\/\/no-cache.hubspot.com\/cta\/default\/2725694\/d7561be0-1c42-4f1d-a9a9-9379d5860276.png\"  alt=\"iScripts UberforX Live Demo\"\/><\/a><\/span><script charset=\"utf-8\" src=\"https:\/\/js.hscta.net\/cta\/current.js\"><\/script><script type=\"text\/javascript\"> hbspt.cta.load(2725694, 'd7561be0-1c42-4f1d-a9a9-9379d5860276', {\"useNewLoader\":\"true\",\"region\":\"na1\"}); <\/script><\/span><!-- end HubSpot Call-to-Action Code -->\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Grab is a Singapore-based company, which is Southeast Asia\u2019s leading ride-hailing platform that offers ride-sharing, food delivery services, booking services for taxis, private cars, motorbikes, car-pooling, shuttle services, bicycle-sharing through&hellip;<\/p>\n","protected":false},"author":18,"featured_media":18726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[329],"tags":[14,350],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.iscripts.com\/blog\/wp-json\/wp\/v2\/posts\/11204"}],"collection":[{"href":"https:\/\/www.iscripts.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iscripts.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iscripts.com\/blog\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iscripts.com\/blog\/wp-json\/wp\/v2\/comments?post=11204"}],"version-history":[{"count":12,"href":"https:\/\/www.iscripts.com\/blog\/wp-json\/wp\/v2\/posts\/11204\/revisions"}],"predecessor-version":[{"id":18727,"href":"https:\/\/www.iscripts.com\/blog\/wp-json\/wp\/v2\/posts\/11204\/revisions\/18727"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iscripts.com\/blog\/wp-json\/wp\/v2\/media\/18726"}],"wp:attachment":[{"href":"https:\/\/www.iscripts.com\/blog\/wp-json\/wp\/v2\/media?parent=11204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iscripts.com\/blog\/wp-json\/wp\/v2\/categories?post=11204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iscripts.com\/blog\/wp-json\/wp\/v2\/tags?post=11204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}