
GrabTaxi’s cofounder and chief executive, Anthony Tan, recently announced the launch of its peer-to-peer carpooling service in Singapore. In an article for Intacct, Michael De Wall-Montgomery (@mgdewall) spotlights the up and coming entrepreneur who doesn’t let Travis Kalanick, outspoken and controversial CEO of Uber, affect his positive outlook.
It’s no secret that Uber and Lyft have a bit of a rivalry, and now add a third wheel to the mix. Kalanick has been very vocal about his disapproval of Lyft’s business tactics. He recently slammed Lyft after it announced backing and partnering with China’s main ride-hailing app, Didi Kuaidi at the beginning of this year,
“I guess Didi has a few percentage points ownership in Lyft… I don’t see the upside for Didi,” he said.
When asked about Kalanick’s bullying, Tan is ever the diplomat. He doesn’t look at Kalanick but at what his competitors are doing to gain a better perspective of how to grow his business.
Tan’s sound business tactics are paying off, at the tune of 350M funding round in August, with a valuation of over 1 billion dollars from investors such as Didi Kuaidi. Although he has no plans to raise more funding as yet, the horizon looks bright for the new addition to the ride-sharing family. In a world of on-demand everything, I think there is room for healthy competition. Each business can bring something unique and innovative to the mix. GrabTaxi, for instance, was the first company to integrate cash payments, and now Uber is catching up.