Uber's exit from Southeast Asia to not impact its India operations

Uber's exit from Southeast Asia to not impact its India operations

Once that date arrives, you'll have to use the Grab app (Android and iOS) if you want to hail a ride in this region. Today, with more than 86 million mobile app downloads, it offers a wide range of ride-hailing services in 191 cities across Singapore, Indonesia, the Philippines, Malaysia, Thailand, Vietnam, Myanmar and Cambodia. Grab is in the process of transferring or "onboarding" your data, so if you're feeling antsy you can still sign up as a Grab driver yourself.

A heatmap showing the demand for Grab services in Southeast Asia is displayed during Grab's fifth anniversary news conference in Singapore June 6, 2017. Only those who have been suspended or removed from Grab previously will not be allowed to re-register.

The release said Uber drivers will switch to the Grab online platform. Check out the Grab site or the GrabFood site for more details.

In a video statement posted on social network LinkedIn, Grab's regional head of people operations, Chin Yin, said Grab's co-founders will hold a townhall meeting for all Uber employees in the region on Tuesday.

The move follows the United States firm's retreat from China and Russian Federation and comes as new chief executive Dara Khosrowshahi attempts to turn its fortunes around.

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The deal represents another major retreat from worldwide markets for Uber, following its withdrawal from China in 2016 and Russian Federation in 2017.

Grab said it will take over Uber's operations and assets in eight countries in the region, and will expand its food delivery services.

While SoftBank and Didi are big investors in both companies, the deal considered to be huge for Grab, which has about 5 million drivers in 195 cities, recording 90 million downloads of its app and now valued at $6 billion.

Anthony Tan, Grab's chief executive, has said that the deal "marks the beginning of a new era" for customers. The companies declined to disclose the deal's price tag. These got stronger after SoftBank - an investor in Ola - joined Uber as an investor committing over $1 billion in the US-based firm.

Since becoming CEO last year Dara Khosrowshahi has been maneuvering to make the company profitable before a planned initial public offering expected next year.

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