STARTUPS

GrabFood may be secret sauce for tasty margins

With the integration of GrabFood into the main Grab app, favourable unit economics offers a sweet prospect, but competition may take a bite of earnings

Singapore

GRAB'S rapidly-growing food delivery vertical could present juicier margins than its ride-hailing business, although competitive risks remain, industry watchers told The Business Times.

On Tuesday, Grab announced that GrabFood, presently a standalone app in Singapore,