Thursday
February 3
2022

Grab Acquires Jaya Grocer to Expand Its On-Demand Grocery Delivery in Malaysia

By Sainul Abudheen K

Grab has completed the acquisition of a majority stake in Malaysia’s mass-premium supermarket chain Jaya Grocer, the tech giant announced today.

The acquisition enables Grab to bring more Jaya Grocer retail stores onto its marketplace and leverage Jaya Grocer’s large supplier network further to expand its GrabSupermarket product line at lower costs. This way, the two companies plan to bring on-demand grocery delivery to more consumers in the Southeast Asian country.

Additionally, Grab and Jaya Grocer also announced the rollout of GrabPay and GrabRewards across all Jaya Grocer physical retail stores, expanding the former’s cashless wallet usage.

Photo courtesy of IFPRI -IMAGES.

Source: e27 (link opens in a new window)

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Investing, Technology
Tags
e-commerce, impact investing