With recovery hinging on drivers, Grab and Gojek burn cash to extend assistance

A Grab bike rider is seen during rush hour traffic in Jakarta, Indonesia, July 18, 2016. REUTERS/Iqro Rinaldi

Grab and Gojek, the biggest on-demand mobility startups in Southeast Asia, face competing financial crosswinds as they navigate the coronavirus outbreak, spending millions of dollars to support their drivers with an eye toward the ensuing recovery.

Demand for rides has spiraled downward by double-digit rates, leaving drivers struggling to make a living.

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