Grab, one of the leading technology companies of Southeast Asia, today announced, the opening of a Research and Development (R&D) centre in Bangalore. The company will hire 200 talented engineers. The main objective of the R&D centre is to focus on developing new payments technologies for GrabPay and Grab’s digital payments platform that will increase access to mobile payments across Southeast Asia.
Raghuram Trikutam, Head of Engineering, Mobile Payments and Ruchika Sharma, Head of Human Resources, have been hired and the rest of the hiring process will be completed in Bangalore on March 24 and 25.
The Grab is rapidly growing and it will add more than 800 new R&D jobs in the next two years in its six R&D centres located in Beijing, Bangalore, Jakarta, Vietnam, Singapore and Seattle. The idea behind establishing the firm in Bangalore is to a create multi-modal transport platform and a proprietary payments system across Southeast Asia. They include the launch of three new transport services, GrabShare, GrabCoach and GrabShuttle, as well as the rollout of GrabRewards, a customer loyalty programme.
Today, the Grab operates in 35 cities across six countries, with over 710,000 drivers in its network. With over 36 million mobile downloads of the Grab app to date, the company has a 95% market share of third-party taxi-hailing apps and a more than 50% market share in private cars in the markets in which it operates.
Arul Kumaravel, Vice President of Engineering at the Grab, said, “The Grab believes in leveraging technology to improve people’s lives our team’s talents are used to develop impactful solutions that enable people across Southeast Asia to benefit from the digital economy every day.”