What Does Grab-Uber Deal Tell Us About Southeast Asia's Startups? Local Knowledge Really Does Matter

Uber recently sold its Southeast Asian business to rival Grab. Uber will take a 27.5% stake in Grab and Uber CEO Dara Khosrowshahi will join Grab’s board. Many billed the retreat as another failing for Uber. But I see it as the mark of success of the Southeast Asian startup ecosystem.