Grab today announced that it will acquire the company behind Everrise supermarkets. The value of the acquisition has not been disclosed at this time.
This acquisition comes after about two years ago, Grab acquired Jaya Grocer. The Everrise supermarket chain is more focused on Sarawak, and one branch in Sabah. Established in 1993, it has more than 19 supermarkets with a concept focused on premium groceries.
With this acquisition, it will also further strengthen the grocery offering through Grab, especially in Sabah and Sarawak. We may see the integration and grocery offering from Everrise optimized for Sarawak users in the near future, in addition to optimizing the company's operations digitally.
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BUSINESS & MONEY