The investigation comes amid multiple complaints from last year accusing Grab of monopolistic practices after it bought Uber Technologies Inc's South-east Asian operations.
, citing that the deal had led to the substantial eroding of competition in the ride-haling scene. Uber was fined S$6.58 million, while Grab was fined S$6.42 million. As part of its investigation findings, the watchdog highlighted that Grab increased its prices after the removal of its closest competitor, Uber. The CCCS noted that despite its proposal that Grab maintain its pre-acquisition pricing and driver commissions, effective fares for commuters had risen between 10 and 15 per cent after the deal.
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