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

Full Stack Software Engineer

RetailReady

California,

Full Time

USD 100000 — USD 160000 yearly

Senior Full-Stack Software Engineer

Dover

Full Time

USD 80000 — USD 180000 yearly

Product Engineer // NYC

ClaimSorted

New York,

Full Time

USD 160000 — USD 220000 yearly

Backend Developer - Nodejs/Postgres/Typescript

Every

California,

Full Time

USD 125000 — USD 200000 yearly

Head of Biology

Bindwell

California,

Full Time

USD 100000 — USD 160000 yearly

Graphic Design Intern

Cityfurnish

Internship

USD 18000 — USD 22000 yearly

Software Engineer, Full Stack - Founding Team

Spark

California,

Full Time

USD 150000 — USD 200000 yearly

Marketing Manager

Broccoli AI

California,

Full Time

USD 100000 — USD 140000 yearly

Founding GTM

Feather

Washington,

Full Time

USD 60000 — USD 100000 yearly

Head of Growth

Overview

California,

Full Time

USD 140000 — USD 185000 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).