Grab: Chope Acquisition Will Provide Another Touchpoint and More User Activity on the Platform

Grab acquired restaurant reservation app Chope yesterday in a private deal for an undisclosed sum. According to Chope, it has 1.7 million users and operates in Singapore, Thailand, and Indonesia, which overlaps with Grab’s markets. We believe this deal gives Grab another touchpoint on the platform for users and likely provides a greater flywheel effect where the platform becomes more ubiquitous for Southeast-Asian consumers. While it may not directly benefit revenue for its ride-hailing or delivery services, it could provide a boost in advertising revenue from large food and beverage brands on the platform as Grab continues to accelerate the monetization of its advertising business.