When you wanted to start your own business decades ago, all you needed was an office to manage things. However, ideas now play a significant part in starting a firm. No physical setup is required because your thoughts are important in today’s digitally-oriented business.
You may have picked up a lot of ideas from your surroundings. So now is the time to share knowledge of the multi-services app industry with you. Remember how Grab became a market leader thanks to their outside-the-box thinking?
The number of taxi riders has decreased dramatically since the introduction of technology in the SMS and ridesharing industries. Uber’s huge achievement is celebrated worldwide; what began as a high-end luxury limousine service has quickly evolved into one of the world’s largest providers of driving and transportation to its customers.
Uber and Ola (Grab’s competitor) have established acceptable benchmarks in the Indian market. Furthermore, Grab has a similar prestige to Uber throughout Asia. But, do you know what makes Grab even more popular than any other company? Its services. Yes, Grab has expanded its service and now allows users to order food, groceries, and other products online.
How Grab Is Becoming The Popular App in Southeast Asia?
Grab’s mobile-based ride-hailing business has exploded in popularity throughout eight Southeast Asian countries. Last year, Grab made headlines in various newspapers when it purchased Uber’s entire ride-hailing operation in the region.
So much so that, after receiving US$1.46 billion in March from SoftBank’s Vision Fund for its ongoing Series H round of fundraising, Grab has now become a “decacorn” with a valuation of close to US$14 billion.
Grab, dubbed the “super app,” has expanded into a variety of consumer services industries, including hotel booking, on-demand video, ticketing, restaurant ordering, grocery shopping, and financial services. Chinese multinational corporations Alibaba’s Alipay and Tencent’s WeChat are thought to have pioneered the approach.
Smartphones are the true game-changers, and they have actually cleared the way for a slew of new businesses. Thanks to Uber for leaking information on mobile app development. We could see entrepreneurs experimenting with their concepts after being released into the market. Food delivery, grocery delivery, taxi-hailing, and other services arose due to this.
When people expressed reluctance in maintaining a large number of smartphone apps, entrepreneurs have started to coin the idea of grab like app development as these apps include a wide range of services and are more convenient for people.
To make it easy for entrepreneurs, here we are going to explain to you some of the major benefits that entrepreneurs can avail of Grab like apps. Without any ado, let’s get started.
Myriad of Benefits Grab Like App Offers to Entrepreneurs
Entrepreneurs have to think about its key qualities and benefits to comprehend the ramifications of super app development in local businesses. So here we are going to explain how a Grab like platform benefits businesses.
Provide Modern Day Online Solutions
We can observe how urbanization has impacted us significantly in the current scenario. Our hectic work environments and schedules leave us with little time to unwind. As a result, we began looking for more advanced alternatives.
People are more accustomed to using on-demand apps to book taxis, order food, and groceries, etc. As a result, deploying your multi-services app at this point will attract more consumers.
On-demand multi-services apps are a terrific approach to increasing revenue since they create a connection between customers and service providers. In addition, you may make a lot of money through the app by acting as an intermediary.
Overall Business Growth
It’s the ideal time for investing in Grab like platforms as due to the pandemic, customers are ordering everything online. Businesses benefit from the security and scalability of the online delivery platform. In addition, companies can learn about their clients’ preferences via analytics.
Additionally, the review and rating system gives businesses immediate feedback, allowing them to take immediate action to enhance their service. These applications are a terrific method for businesses to cut down on unneeded operating expenditures while still providing amazing customer care to keep customers loyal. Even entrepreneurs will benefit from these apps because they can put their unique idea into reality.
Future of Grab Like App is Promising
Grab is the most known and successful application in offering multi-services to make people’s life easy in today’s world. Everyone in this generation wants instant gratification for everything; therefore, this is why the Grab like app has been gaining success in the future market.
If you are thinking about building an app similar to Grab, it is the right time to decide because customers’ inclination toward an online solution is increasing. So what are you waiting for? Choose the right development company and cue up your idea now.