Can Grab and GoTo forge a South-East Asian tech champion?

The promise of South-East Asia has long been obvious to venture capitalists. Its young and growing population of 700m is becoming richer and more urbanised. And they are poorly served by stodgy incumbents. After a pandemic-era frenzy, however, shares of the region’s listed tech darlings plunged amid rising interest rates as investors lost patience with persistent losses. Valuations are yet to recover.