From Grab to GoTo, Southeast Asia's startups weather funding winter

From Grab to GoTo, Southeast Asia's startups weather funding winter

FILE PHOTO: A Grab taxi drives on a street in Hanoi, Vietnam October 29, 2018. REUTERS/Kham/File Photo

When Grab Holdings, Southeast Asia’s largest ride-hailing operator, announced its first quarterly net profit last month, it was supposed to signal the company’s resurrection.