Joel Shen

Partner | Singapore

Secretary Grace Rajah

Operating as Withers KhattarWong LLP in Singapore.


Track record

Investment in energy management company NaviX Solutions

Represented EDB New Ventures on the incubation of and on the investment in energy management company NaviX Solutions, alongside energy and automation multinational Schneider Electric.

Series B fundraising

Represented eFishery on their Series B fundraising, led by private equity firm Northstar Group and Go Ventures, a venture capital fund with Gojek as its main investor.

USD 20 million fundraising

Represented Alami Technologies on its USD 20 million fundraising led by AC Ventures, Golden Gate Ventures, and Quona Capital. 

Largest Series B fundraising in Indonesia in 2020

Represented Kejora Ventures on: (i) Indonesian logistics business SiCepat Ekspres Indonesia's blockbuster USD 150 million Series B fundraising; and (ii) an associated secondary purchase of shares in SiCepat Ekspres from existing shareholders. 

PT Artajasa Pembayaran Elektronis

Acted for a consortium of bidders in their competitive tender for a collective controlling interest in PT Artajasa Pembayaran Elektronis. This deal is significant as PT Artajasa Pembayaran Elektronis is one of only four licensed inter-bank switching companies in Indonesia and this client's acquisition of PT Artajasa Pembayaran Elektronis is part of the Indonesian government's wider reform of the digital payments sector in Indonesia.

Southeast Asian technology major

Acted for a Southeast Asian technology major in its competitive tender for a minority interest in PT Fintek Karya Nusantara, a joint venture between Indonesian state-owned telecommunications company Telkom and Indonesian state-owned banks Bank Rakyat Indonesia and Bank Mandiri. PT Fintek Karya Nusantara owns and operates LinkAja, the fourth largest electronic payments platform in Indonesia.

Vickers Venture Partners

Acted for Vickers Venture Partners as joint lead investor in the USD 133 million stapled Series B1 and B2 investments in the RWDC group of companies, a Singapore and US-based manufacturer of biodegradable plastics, and the associated finance and construction of up to 12 20-megaton biodegradable plastic polymer manufacturing plants in Indonesia.


Acted for Indonesian e-commerce unicorn Tokopedia in its acquisition of Bridestory and Parentstory, Southeast Asia's largest online marketplaces for wedding vendors and parent and infant merchants respectively, as part of Tokopedia's broader regional expansion strategy.


  • Joel is a faculty member of the Singapore Institute of Legal Education and tutor for the Advanced Corporate module of the Singapore bar course, as well as a non-faculty lecturer at the Law and Business Faculties of the University of Indonesia, and Universitas Pelita Harapan.

  • Joel is also a regular speaker on legal and business matters, and has spoken at conferences organised by Asia Legal Business, the Singapore Chamber of Commerce Indonesia, the Singapore Embassy in Jakarta, the Singapore Academy of Law, Endeavor Indonesia, TechinAsia, Wild Digital.