Grab says ride-hailing sales set to double in 2019

But to keep the private capital rolling it is important to focus on quality and not just quantity, says the start-up's president, Ming Maa.

Grab is on track to generate about a billion dollars in revenue this year from ride-hailing alone and is likely to double that next year and continue booming.

That's the view from the inside track as the six-year-old start-up continues to set a dizzying pace ahead of the start of the Singapore Grand Prix.

By next year we expect our core ride-sharing business to double in size,” Grab president Ming Maa said in a speech to the Asia PE-VC Summit in Singapore as the city got ready to shut down roads and get the Marina Bay Street Circuit ready for qualifying.

“Given the...

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