Now that Grab and Go-Jek are in a faceoff on a regional scale, here’s a look at how Southeast Asia’s two biggest unicorns – and their investors – could be shaping the local digital economies and startup ecosystems

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When Uber decided to sell its Southeast Asia business to local rival Grab March this year, it left the region virtually facing a ride-hailing monopoly. Except in one market: Indonesia, where the home-grown Go-Jek has its grip firmly on the region’s largest and most populous country.  
Indonesia’s first and most valuable unicorn, Go-Jek has since also begun expanding into other Southeast Asian markets. It's said to be valued up to US$10 billion in a coming round of funding, just below Grab’s US$11 billion tag. Both startups are backed by some of the world’s most...

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