Grab is still in the the driver’s seat, but other ride-hailers aren’t lagging behind

More: VinFast’s Q1 2024 number. [Read from your browser]( Daily Newsletter Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](.  --------------------------------------------------------------- IN FOCUS In today's newsletter, we spotlight: - Whether Grab [can remain at forefront of Southeast Asia’s ride-hailing race]( - An Indonesian coffee startup’s series A round - Other newsy highlights such as VinFast’s Q1 2024 numbers --------------------------------------------------------------- Hello {NAME} Ride-hailing has become a way of life in Southeast Asia. I can’t remember the last time I flagged down a cab on the street. If I need a ride, I open up my Grab or Gojek app, tap a few buttons, and off I go I feel a little safer as well: If anything goes wrong, at least there’s a record of the ride on the platform. It’s been over a decade since ride-hailing made its debut in the region, and the industry has evolved and matured. Grab’s still the biggest fish in the pond, but many other contenders have emerged, offering new business models or approaches to ride-hailing. But will they be able to take on the behemoth that is Grab? We explore this question in today’s premium story. -- Stefanie  ---------------------------------------------------------------  THE BIG STORY [Is Grab’s ride-hailing business future-proof?]( Could emerging competitors with their new commission models pose a threat to Grab's dominant position, or is the listed company's top spot secure? --------------------------------------------------------------- TRENDING NEWS [Indonesia’s Jago Coffee secures $6m to expand its mobile coffee carts]( The company, which operates a fleet of fully-electric coffee carts in Jakarta, said it is profitable with over 13x growth in 2023. [VinFast hits $618m in Q1 net loss despite doubling revenue year on year]( The net loss amount is more than double its entire revenue for the same period. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [20 top angel investment networks in Asia]( Here's our regularly updated list of Asia's top angel investment networks. --------------------------------------------------------------- TECH IN ASIA’S FOUNDERS MEETUP: VIETNAM ON MAY 30  Last 24 hours to enjoy our early bird offer! Imagine being surrounded by people who are passionate about building the future of tech in Vietnam. That's exactly what you'll find at CTY Kitchen + Bar, where Tech in Asia’s Founders Meetup will be held in May. Connect with investors, founders, and other tech enthusiasts from around the world, and learn about the latest trends and opportunities in Vietnam's growing tech scene. Today is the last day to grab early bird tickets for just US$10! 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