Grab Ventures bets on Vietnam with launch of accelerator

In 2018, armed with dry powder from its record Series H fundraising round, Southeast Asian ride-hailing giant Grab launched its own investment arm, Grab Ventures.

The plan was to invest in and partner with tech startups in the region. Since then, Grab Ventures has been making investments in three ways: venture building such as with GrabFresh, GrabKitchen and GrabWheels services, accelerator programmes and direct investments through the traditional venture capital route.

The firm in 2019 announced investments in Singapore-based logistics startup NinjaVan and British ride-hailing roaming startup Splyt. Last week, it launched its first early-stage accelerator in Southeast Asia, Grab Ventures Ignite, in Vietnam.

As investors across the globe turn cautious and slow down their pace of dealmaking, Grab Ventures chief Chris Yeo said the venture unit continues to see several opportunities to partner with and/or invest in startups in Southeast Asia.

Within each of Grab’s three core services  — transport, food delivery and financial services– there is still room for both Grab and startups in the region to grow, he added.

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Following vacancies can be applied for (only in Singapore).   

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  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.