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Grab buys Singaporean dining reservation platform Chope
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Grab buys Singaporean dining reservation platform Chope
Jul 23, 2024 2:47 AM

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.

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