Central Group invests in Grab Thailand

Date : 20 February 2019

Central Group, which operates Central Food Hall and various formats under the Tops banner, has invested US$200 M in Grab Thailand. Grab Holdings Inc is Southeast Asia’s leading online to offline mobile platform with parcel delivery, car hailing and food delivery services.

New Central, New Economy

The investment is a non-controlling stake in Grab that brings together a partnership across transport, food delivery and logistics.

  • Food delivery: bringing Central Group restaurants and food-related brands to GrabFood
  • Logistics: providing on-demand and express delivery services for Central Group businesses
  • Transport: providing customers to Central Group malls and stores access to Grab services with special privileges

Central Group President, Yol Phokasub, said, “This alliance will help enlarge Central Group Economy. Central is focused on becoming the leading digital-lifestyle platform in Thailand, part of our New Central, New Economy vision.” 

Valentine’s Day event

The first event launched following the equity investment of Central in Grab Thailand was for Valentine’s Day. Shoppers could buy specially selected chocolate gift boxes from Central Food Hall and Tops through Grab Food service. Our team was the ground that day and saw that event was very successful, with delivery staff picking up orders all day.

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