Grab CEO Anthony Tan speaks during an interview at his home in Singapore August 12, 2020.
No one knew how long the crisis would last or how deep it would be.
The pandemic is the first crisis for Southeast Asia’s decade-old start-up ecosystem from which Grab has emerged a household name and the most valuable firm at over $14 billion.
Grab says its app has seen a total of 198 million downloads, although it has yet to turn profitable.
Jixun Foo, managing partner at GGV Capital and an early backer of Grab, said speed was key.