Ecosystem Roundup: Grab returns to profit in Q3 | Philippine startup ecosystem rebounds | Intudo closes US$125M across 2 funds

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Ecosystem Roundup: Grab returns to profit in Q3 | Philippine startup ecosystem rebounds | Intudo closes US$125M across 2 funds - e27

Quick Summary:

Dear reader, Grab’s return to profitability in Q3 marks a significant milestone for the company, underscoring its resilience and adaptability in Southeast Asia’s competitive tech landscape.

The impressive 17% revenue growth to US$716 million not only surpassed analyst expectations but also highlights a robust demand for Grab’s on-demand services across the region.

Innovation via technology and digitalisation are seen as pragmatic solutions to help address some of the greatest challenges facing the global food system.