Booking Holdings Invests US $200M in Grab

Booking Holdings, which offers online travel and related services in over 220 countries and territories through six primary brands, Booking.com, KAYAK, priceline, agoda.com, Rentalcars.com and OpenTable, and  Grab , the leading on-demand transportation and mobile services platform in Southeast Asia, have announced a strategic partnership.

With the partnership, Booking Holdings’ brands will have the ability to offer on-demand transport services through their apps, powered by Grab, and Grab customers will be able to book accommodations across the globe powered by Booking.com and agoda. In addition, Booking Holdings has invested $200m in Grab, recognizing Grab as the leading online-to-offline mobile (O2O) mobile platform in Southeast Asia. Grab has raised over $2b for its current round of financing and is on track to raise over US$3 billion by the end of this year.

The partnership between Booking Holdings and Grab allows Grab users to book travel-related services through the app for the first time, and pay seamlessly using the region’s leading digital wallet, GrabPay. The partnership also highlights Grab’s commitment to becoming Southeast Asia’s leading everyday super app, offering ride-hailing, food delivery, parcel delivery and digital payments to millions in the region. Grab has a presence in 235 cities in 8 countries and enables 8 million micro-entrepreneurs through its platform.