Grab Acquires Jaya Grocer Two Weeks After Nasdaq Listing
In a filing to Nasdaq, Grab said that it has entered into a share purchase agreement with the owners of Jaya Grocer to buy all of the latter’s ordinary shares, and 75% of preference shares. Once the transaction is closed, Grab still has the option to buy the 25% remaining preference shares. [Image: Jaya Grocer / Facebook.]The company already has its hand in grocery delivery service in the form of GrabMart....