Grab raises prices in Singapore; drivers keep 100% of earnings for June 2021.

Just last year, Grab introduced a 'platform fee' for rides.


Carl Adrian

26 May, 2021

Grab raises prices in Singapore; drivers keep 100% of earnings for June 2021. | BEAMSTART News

- From our Sponsors -

Grab, the Southeast Asian ride-hailing giant, has started raising prices for its services again.

In an announcement earlier today, Grab mentioned that the company will be charging an additional SGD $1 for their ride-hailing services in Singapore.

Key Highlights

  • Grab has risen its prices by an additional SGD $1 for ride-hailing services in Singapore.
  • The firm mentions that the move was aimed at "improving earnings for its drivers".
  • 100% of the earnings from the price hike will go to drivers for the month of June.
  • Grab did not mention any changes to prices in other countries they operate in.

Why It Matters

  • While 100% of the additional earnings will go to drivers for the month of June, Grab's standard commission structure of 20% will kick in after.
  • Grab has been on a heavy spending spree for the past few years, and this move could transition the company towards profitability in Singapore.
  • Just last year, Grab also introduced an additional $0.30 "platform fee" for ride bookings.
  • The additional $1 increment at scale could potentially boost Grab's top-line revenues by an additional 1% - 3%, assuming average rides cost between $7 - $20.

- From our Sponsors -

Latest Jobs

Principal Engineer / Team Lead, AI & Backend

Lamar Health

California,

Full Time

USD 100000 — USD 280000 yearly

Customer Service Associate (US Shift)

Codingal

Karnataka,

Full Time

USD 400000 — USD 450000 yearly

Product Engineer

Govly

Full Time

USD 150 — USD 240 yearly

Mechatronics Intern Fall 2025

Yondu

California,

Internship

USD 9000 — USD 15000 yearly

Product Software Engineer

Vapi

California,

Full Time

Salary Undisclosed

Content Creator/Content Specialist - AI Agent Use Cases

Tasker ai

California,

Contract

USD 60000 — USD 70000 yearly

Frontend Engineer

AiPrise

Full Time

USD 1800000 — USD 2200000 yearly

Senior Product Manager

Deed

Berlin,

Full Time

USD 75000 — USD 85000 yearly

Everything Intern

Kastle

California,

Internship

USD 100000 — USD 105000 yearly

Full Stack Engineer

Piramidal

New York,

Full Time

USD 120000 — USD 270000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).