Southeast Asian ride hailing service Grab has surpassed 1bn ride milestone across the seven countries that it operates in.

According to the company, it reached the milestone on 26 October 2017 at just after 7:30pm Singapore time when 66 rides occurred concurrently across the seven nations to tip it over the 1bn mark.

Grab, founded in Malaysia in 2012, currently operates in 142 cities across Singapore, Malaysia, Indonesia, the Philippines, Vietnam, Thailand, and Myanmar. It boasts more than 68m users of its various transportation services, as well as having over 2m drivers earning up to 55 per cent more than national average hourly wages.

The Uber rival got a huge boost, during the summer, when it was backed by fellow ride hailing company Didi Chuxing and Japanese telecoms and internet giant SoftBank for the tidy sum of $2bn. This investment marked the largest single financing in the history of Southeast Asia, in turn making Grab the most valuable startup in the region.

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