
Chope staff will join Grab’s offices in a couple of weeks, BT reported citing an internal email it had seen from Grab head of deliveries Ngiam Xin Wei. No roles in Grab will be made redundant as a result of the deal and Chope’s team will remain as a unit under Grab’s Omnicommerce business, Ngiam said.
Taking over the near-profitable Chope won’t dent Grab’s positive-adjusted Ebitda, Bloomberg Intelligence analyst Nathan Naidu wrote in a note. Chope’s 10,000 merchants will bolster GrabFood’s ecosystem of over 200,000, boosting outdoor dining advertising sales, he added.
Grab’s latest acquisition underscores its dominance in ride-hailing and online food delivery in the region. Grab and Indonesian rival GoTo have this year revived discussions about a merger of their core businesses, as they battle it out in the Southeast Asian market of hundreds of millions of people.