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Uber's exit a reminder to startups: you can't burn cash indefinitely

SoftBank seen as winner as sale of Uber's SEA business to Grab will cut losses for both businesses in which it has major stakes

Grab will take over Uber's operations and assets in eight countries in the region while also integrating Uber's food delivery business, Uber Eats, into its GrabFood platform.


THERE were five - and then there were two, and now it's down to just one.

Grab's confirmation on Monday of the long-speculated acquisition of Uber's South-east Asian business comes amid a cutthroat ridehailing battle in the region, where in Singapore alone, three other...

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