Southeast Asia ridesharing app Grab has unveiled its new advertising arm, which aims to provide brands with an omnichannel platform to reach commuters.
Called GrabAds, the new business unit will provide additional revenue for Grab’s drivers, who will carry advertisements from brands on tablets inside their cars and emblazoned outside their cars.
Brands who have already signed up for GrabAds are Singapore companies Carblicity, IRIS, Display Science and MMI Media Group; Karta and Interads in Indonesia; United Neon in the Philippines, while Singapore largest broadcaster Mediacorp will help Grab create content for the tablets so that commuters can watch dramas, sitcoms, variety shows and headline news.
Grab hopes that by working with brands and media partners through GrabAds to carry personalised ads, content and experiences, it can generate mass awareness and create bespoke experiences for commuters.
“As our online and offline worlds become one, brands are now more focused than ever in designing and delivering seamless integrated experiences for their customers across multiple channels. GrabAds helps brands tap into our extensive vehicle fleet and increasing digital footprint to reach a wider audience base in Southeast Asia,” said Nasheet Islam, head of GrabAds at Grab.
“GrabAds is a great way for our driver- and delivery-partners to increase their incomes. Together with our campaign partners, we are committed to helping driver- and delivery-partners achieve additional and consistent monthly income from GrabAds, while helping brands achieve maximum exposure and engagement with their customers.”
Earlier this month, Grab announced that it had raised $2bn in funding from Toyota Motor Corporation (Toyota), OppenheimerFunds, Ping An Capital, Mirae Asset - Naver Asia Growth Fund, Cinda Sino-Rock Investment Management Company, All-Stars Investment, Vulcan Capital, Lightspeed Venture Partners, Macquarie Capital and other investors.