29 May 2020 - Events
Withers KhattarWong LLP, the Singapore office of international law firm Withers, represented Grab, one of Southeast Asia’s unicorn startups, in relation to the launch of Grab Ventures Ignite (GVI), the Vietnamese extension of its flagship accelerator programme, Grab Ventures, dedicated to Vietnamese early-stage startups and aimed at encouraging technology entrepreneurship and supporting the growth of Vietnam’s startup ecosystem. Vietnam is the first country where Grab has introduced GVI.
The Withers KhattarWong team, led by Singapore-based Corporate partner Leong Chuo Ming, with the assistance of legal associate Chow Su Rin, assisted Grab in drafting the strategic collaboration agreement with a leading venture capital firm.
GVI brings Grab’s unique strengths and capabilities as a regional tech platform to nurture Vietnamese early-stage startups. The programme aims to nurture and support promising Vietnamese startups in their journey to become national champions in Vietnam’s tech startup ecosystem, in line with the Vietnamese government’s national strategy to create 10 technology unicorns by 2030.
Leong Chuo Ming comments: “This collaboration will undoubtedly benefit Vietnam’s startup ecosystem, propelling the growth of many promising tech ventures. We are deeply honoured to be part of this exciting project, which will enable promising startups to learn from one of Southeast Asia’s unicorn startups (Grab) and attract investments from external investors. Our partnership with Grab underscores the strength of the Withers tech practice and its commitment to the thriving tech startup scene in Asia.”
Withers KhattarWong also advised Grab on its pilot venture, GrabCycle. Read more about it here.