If Grab Holdings Ltd did one thing right in 2022, it was buying Malaysian supermarket chain Jaya Grocer, albeit at a premium. The effects of the acquisition acquisition The Edge Markets Grab completes Jaya Grocer acquisition Read more —which gave the Nasdaq-listed business access to the premium retailer’s customer base and supply chain—are still reverberating in its financials.

The Southeast Asian ride-hailing and delivery company announced a 112% year-on-year revenue growth and an accelerated timeline for breaking even during its earnings call for the quarter and the year ended December 2022 on 23 February.