Uber Sells SE Asia Operations to Grab

The writing was on the wall for this for a while. Last month in Mexico I gave a talk on the impact that culture can have on entrepreneurship and I actually used the example of Uber vs Grab in the SE Asian market where lack of local cultural insight was killing Uber. (This is after their 2016 retreat from China).

Losing around $1Bn a quarter, the deal was signed on the 25th March to sell all of Uber’s SEA operations (including Ubereats) to Grab in return for a 27.5% stake and a place for Uber’s CEO on the Grab Holdings board.

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