Covid-19 makes uneasy bedfellows of Grab and Gojek
Rising competition from Sea also adds impetus to a union
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THE dominance of Grab over archrival Gojek outside of Indonesia may have become more obvious with Covid-19, and this may be a key factor spurring both South-east Asian unicorns closer towards a union, industry observers said.
Furthermore, a global tech rally has likely renewed the impetus for both firms to go public. Rising competition from stock market darling Sea is making consolidation a more attractive option as well, the observers told The Business Times (BT).
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