How Vertex lured Grab to Singapore

The CEO of the Lion City's biggest venture capital fund reveals how it encouraged the hot ride-hailing firm to move south from Malaysia – and why more start-ups will follow.

It's one of the hottest tech names in Southeast Asia.

Grab, previously known as GrabTaxi, has emerged as a genuine, homegrown rival to US behemoth Uber in the six Southeast Asian countries it operates in. A $750 million funding round in September, led by Japan's Softbank, valued it at $3 billion.

But long before it became a hot name, Grab founder Anthony Tan took the decision to move the company from his native Malaysia south to Singapore.

The move came after it secured $10 million of series A funding from Vertex Venture Holdings, Singapore's biggest venture capital firm and a...

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