Indonesian ride-hailing service Go-Jek’s value has been estimated at US$10 billion by a United States (US) market intelligence company, putting it in the ranks of start-ups called decacorns.
When pioneer of the ride-hailing business, Uber announced that it will exit the Southeast Asian market, consumers feared that this would effectively mean a Grab monopoly in the market.
The news of an impending acquisition by Grab of Uber's Southeast Asian business is now drawing the scrutiny of Southeast Asian regulators.
The competition between ride-hailing apps in the region could slowly become a one horse-race as the tech world has been rocked with rumours of Uber exiting the region.
Technology has changed the way consumers decide about food choices; be it where and when to buy it, or how it should be delivered to them. This in turn influences how the food industry reaches out to its customers today.
Grab first started out as MyTeksi in Malaysia. Its founder Anthony Tan started the business to improve on the poor state of the existing taxi system here, and to provide better security for women, whenever they used public transport.