Covid-19 makes uneasy bedfellows of Grab and Gojek

Singapore

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).