Listen to this article [SINGAPORE] Grab Holdings chief executive officer Anthony Tan warned that the coronavirus is creating significant challenges for the South-east Asian ride-hailing startup that will require"tough decisions" about cutting costs and managing capital.
Source: News Formal (newsformal.com)
GrabSG Companies like this are built on series funding from investors who look to capitalise on valuation from stocks which does not match the profit/losses. So will investment money dry up now and these companies left to drown in their debt?
GrabSG Probably glad they diversify into food delivery earlier and offset losses from ride hailing.
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