GrabTaxi Gets Boost From Softbank to Fend Off Uber

The video discusses the entrepreneurial journey of Grab Taxi, founded by Anthony Tan after a Harvard business plan contest. It highlights the company's growth from initial funding to a substantial investment from Softbank, led by Masayoshi Son. The video explores Grab Taxi's competition with Uber, its market strategy in Southeast Asia, and its focus on safety and infrastructure. It also covers the company's user base expansion and the impact of technical glitches on its operations.

What was the initial funding amount that Grab Taxi received from the Harvard Business School contest?

• 12,000 U.S. dollars

• 10,000 U.S. dollars

• 15,000 U.S. dollars

• 20,000 U.S. dollars

What is the primary competitor that Grab Taxi aims to challenge in Southeast Asia?

• Ola

• Didi Chuxing

• Lyft

• Traditional taxi hailing

Who is the major investor in Grab Taxi mentioned in the transcript?

• Jeff Bezos

• Elon Musk

• Masayoshi Son

• Warren Buffet

How many cities across Southeast Asia is Grab Taxi operating in, according to the transcript?

• 20 cities

• 17 cities

• 15 cities

• 10 cities

What is the significance of Grab Taxi's infrastructure in Southeast Asia?

• It provides free rides to users

• It ensures safety and prevents taxi meter fraud

• It offers luxury car services

• It reduces traffic congestion