SINGAPORE, July 23 (Reuters) - Grab, Southeast
Asia's biggest ride-hailing and food delivery firm, has bought
Singaporean dining reservation platform Chope for an undisclosed
price, according to confirmation from both companies on Tuesday.
"We believe the addition of Chope's products and services
provides more synergies for our merchant-partners, especially in
helping them capture online-to-offline opportunities," a Grab
spokesperson said in a statement.
Business Times first reported on the acquisition on Monday,
citing an internal email seen by the publication.
Grab said in the statement that its focus is to help level
the playing field for small and medium-sized businesses, which
form the majority of merchants on its platform and which lack
the resources of bigger brands.
Chope founder Arrif Ziaudeen said in a statement that it has
chosen to seek a partner to help it pursue new opportunities for
sustainable growth in a challenging and competitive market.
"We evaluated potential buyers and found the best fit with
Grab - a company with a mission aligned to ours in connecting
restaurants to diners," he added.
Founded in 2011, Chope is available in seven cities
Singapore, Hong Kong, Bangkok, Phuket, Shanghai, Bali, and
Jakarta, with over 13,000 restaurants listed on its platform,
according to its websites.