Why Gojek’s small stake has big implications for Asean’s unicorns

Southeast Asia’s dominant unicorns, notably ride sharing and food delivery companies Grab and Gojek, are vying to become the super-app choice for the Asean region. Following Grab’s acquisition of Uber’s Southeast Asia operations in 2018, at the time it appeared the two were headed towards a ‘winner takes all’ battle that has become synonymous with fast growing tech companies.