Grab Potential

Facebook QhBl71
Apr 14 41 Comments

Uber is close to IPO and looking around I see Grab with a lot of potential I.e with their foray into payments space. Looks like they might have potential to go 3-4x in next 3-4 yrs. Going to think about interviewing there. Am I missing something about them? TC: 350k (E5)

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TOP 41 Comments
  • Groupon / Engsleepy
    Grab is currently valued at 14 bn. 3-4x would be 42-56 bn. That’s like half of Uber being in a market far smaller than a market Uber is at. I’m doubtful.
    Apr 1413
    • Groupon / Engsleepy
      I bet PayPal operates in SE Asia already, isn’t it?
      Apr 14
    • Facebook QhBl71
      OP
      But PayPal is not used on a daily basis by anyone, not even in US
      Apr 14
    • Groupon / Engsleepy
      The reference point should be PayTm in India and it is valued at 20 bn. This is only if everything goes right for them.
      Apr 14
    • Facebook QhBl71
      OP
      Interesting. Paytm is a very good comparison. But they have been around for a while and 20b does not give s whole lot of confidence given India is a bigger market
      Apr 14
    • Groupon / Engsleepy
      India’s GDP is similar to SEA but India is growing faster with more younger population. At most what Grab payments can grow to is around 10 bn and I’m sure PayTm and other Chinese players will be in the market soon. This is on top of current competition against Go Jek in rideshare.
      Apr 14
    • Facebook QhBl71
      OP
      Yup, if Grab decides to spin it off as a separate business, then that would not bode well for bump
      Apr 14
    • Facebook QhBl71
      OP
      Ant Financial is making big moves in Asia
      Apr 14
    • Groupon / Engsleepy
      True, for reference, Ola the other rideshare company in India is valued at only 6 bn.
      Apr 14
    • Uber Catp
      PayPal has one of the worst services on the planet, not being responsive to fraud. They don’t have much of a future.
      Apr 14
    • Capital One 408
      Braintree is Uber’s payment processor and is part of Paypal.
      Apr 14
  • Uber IamDara
    What does Uber close to IPO have to do with anything
    Apr 142
    • New wkn5x8w
      TC estimates would be more precise
      Apr 14
    • Facebook QhBl71
      OP
      Just that Uber is not going to give the 3-4x boost. Heard grab pays decently well and with the boost, that would be a big bump
      Apr 14
  • New wkn5x8w
    Gotta grab that opportunity, amirite
    Apr 140
  • Grab 321497
    Where did you get the idea that Grab is close to IPO? 😆
    Apr 145
    • Facebook QhBl71
      OP
      Not close but in next 3-4 yrs. I don’t think I have said anywhere that they are close to IPO. Being at Grab, how do you feel?
      Apr 14
    • Grab 321497
      You said it in your main post, but i know what you mean. The culture is toxic and highly political. I’ll be leaving next month. It really depends on a team you join. Overall, it’s a huge mess. It’s growing too fast and many things are out of control. I wouldn’t leave Facebook for Grab for sure.
      Apr 14
    • Facebook QhBl71
      OP
      Thanks for the information, appreciate it. I meant in my post that Uber is close to IPO and there by am looking at alternatives and found Grab. Are things out of control due to lack of leadership or that company is going towards direction of being doomed?
      Apr 14
    • Facebook QhBl71
      OP
      Btw, where are you going and how long have you been at Grab?
      Apr 14
    • Grab 321497
      Ahh yeah, i apologize for that! :). I worked for grab for a year. I’m joining Indeed next week. I work out of Singapore. They attract many talented engineers from the US.
      Apr 14
  • Amazon 321sde
    Interviewed at Grab, got an offer. But I wouldn’t leave FB for Grab unless either I already can enjoy FI or I don’t care about money.
    Apr 144
    • Facebook QhBl71
      OP
      Did you take it? FB is stressing me out with low WLB and it’s getting political. I do not see myself getting to M2 level easily (that’s roughly the pay where I want to be at)
      Apr 14
    • What's the M2 level salary at FB? Is it the E7 level?
      Apr 14
    • Facebook QhBl71
      OP
      Yes - M2 is E7 and it’s roughly 750k (TC)
      Apr 14
    • Amazon 321sde
      I haven’t accepted. I am skeptical that they will IPO soon. Also, recruiters are boasting about the potential that it would be worth 8-10x from today, saying that it is the best time to join, and that there are not many open positions left, bla bla bla. Also, FB TC is too much for them. The offer wasn’t interesting from Amzn TC perspective, given that they offer paper money.
      Apr 14
  • Microsoft / Eng
    tarasenko

    MicrosoftEng

    PRE
    Microsoft, Grab
    tarasenkomore
    SE Asia is pretty poor. How do people expect incomes to rise? Is it going to be developing white collar industries?
    Apr 141
    • Facebook QhBl71
      OP
      Not really but it is about usage. Wechat payment sky rocketed as folks changed the way they exchange money. Similarly, imagine if Grab allows you to have a card to pay for all Grab related services. Instead of using cash every time, one can use the card
      Apr 14
  • Netflix <NA>
    The fact that they deprioritized their core product which is horrible compared to uber/lyft/didi to instead focus on becoming the next wechat super app doesn’t fill me with confidence. Especially, as the execution on their non-transport related services is so patently awful. Poor games, shitty personality quizzes, low quality life insurance adds, random coupons, etc. Just don’t see why they would be a successful super app given in each of the verticals besides transport their product is bad and no competitive advantages exist. WeChat at least had a huge user base that used their apps many times a day. And synergy between the different services they offered. Grab doesn’t and won’t.

    Corporate culture also is terrible. At least compared to FAANG.

    But somehow they keep getting funding for their superapp pitch....
    Apr 150
  • Groupon / Engsleepy
    You can read the part related to Grab in this - https://techcrunch.com/2019/04/11/uber-global-exits-billions/
    Apr 143
    • Facebook QhBl71
      OP
      But the valuation will keep increasing until it probably hits 20 or 25b but might pause after that
      Apr 14
    • From the article:

      Indeed, the Uber filing notes a clause in the deal that would allow the U.S. firm to sell “all or a portion of its investment back to Grab for cash” if the company hasn’t gone public by March 25, 2023, five years after the deal.
      Apr 14
    • Groupon / Engsleepy
      That’s the timeframe I would expect them to ipo.
      Apr 14
  • Microsoft 8k7hjh
    Are willing to take a liquid paycut for that possibility?
    Apr 141
    • Facebook QhBl71
      OP
      Risk vs. reward. Got to do it at some point
      Apr 14
  • Microsoft bloooooood
    Which office, SG or SEA?
    Apr 141
  • Amazon yWsJ24
    You are not missing anything. It is a very good opportunity.
    Apr 140

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