Grab will pour $100m into Myanmar as it faces off with Uber

Judith Balea, writing for Tech in Asia;

Grab, Southeast Asia’s leading ride-hailing app, has committed to invest US$100 million over the next three years in Myanmar, where Uber also debuted earlier this year.

The company will use the money to extend its services to more cities in the country, which has seen exploding mobile phone adoption. It will also roll out other products such as its digital payment feature GrabPay, and increase its local headcount to 200, it said in a statement. The company is exploring offering its corporate ‘Grab for Work’ solution after seeing healthy demand.