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TIMELINE: Southeast Asia's Grab takes a ride to $40-billion SPAC listing

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Reuters

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="Grab founder and CEO Anthony Tan speaks to the media during a press conference at its Singapore headquarters in Marina One complex. Jessica Fenol, ABS CBN News/File" src="http://sa.kapamilya.com/absnews/abscbnnews/media/2021/tvpatrol/12/02/grab.jpg"/><figcaption>Grab founder and CEO Anthony Tan speaks to the media during a press conference at its Singapore headquarters in Marina One complex. Jessica Fenol, ABS CBN News/File</figcaption></figure></div>SINGAPORE -- Southeast Asian ride-hailing and food delivery platform Grab Holdings lists on Nasdaq via the world&#x27;s largest special purpose acquisition company (SPAC) deal worth $40 billion.Here are some milestones for the Singapore-headquartered company:2011: Anthony Tan and co-founder Tan Hooi Ling create Grab in a Harvard Business School venture competition plan2012: Launches as MyTeksi taxi booking service in Malaysia2013: Expands to the Philippines, Thailand, Singapore as GrabTaxiApril 2014: Announces Series A fundingJune 2014: Launches in IndonesiaDecember 2014: Japan&#x27;s SoftBank invests $250 million in a funding roundAugust 2015: Becomes a unicorn after $350-million funding roundDecember 2015: Announces a strategic partnership with other ride-hailing companies Ola, Didi, and Lyft that competed against UberJanuary 2016: Rebrands to Grab from GrabTaxi to reflect expanding servicesNovember 2017: Launches GrabPay payments service for third-party transactionsMarch 2018: Announces acquisition of Uber&#x27;s business in Southeast Asia through an all-share deal, Uber becomes a strategic shareholderMay 2018: Pilots GrabFood delivery serviceJuly 2018: Unveils &quot;superapp&quot; strategy that provides a range of services under one platformMarch 2019: Reaches valuation of about $14 billionDecember 2020: Wins digital full bank license in Singapore in a partnership with Singapore Telecommunications Ltd.April 2021: Agrees to list on Nasdaq through a merger with special-purpose acquisition company Altimeter Growth Corp securing a valuation of nearly $40 billion.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/01/19/21/southeast-asias-grab-eyeing-us-ipo-this-year-sources-say">Southeast Asia&#x27;s Grab eyeing US IPO this year, sources say</a></li>	<li><a href="https://news.abs-cbn.com/business/04/13/21/grab-to-announce-merger-with-us-spac-to-be-valued-at-nearly-40b-sources">Grab to announce merger with US SPAC, to be valued at nearly $40B: sources</a></li></ul><div>RELATED VIDEO: </div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1660389" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

Southeast Asian ride-hailing and food delivery platform Grab Holdings lists on Nasdaq via the world's largest special purpose acquisition company (SPAC) deal worth $40 billion.