Nham24 Gains Grab's Investment with Mekong's Assistance

Deal News | Dec 30, 2024 | Mekong Strategic Partners

Grab has acquired a significant equity stake in Nham24, a Cambodian food delivery and e-commerce platform, in a deal that was advised by Mekong Strategic Capital. This stake was previously held by Mekong Strategic Ventures, the manager of the Smart Axiata Digital Innovation Fund (SADIF), which first invested in Nham24 in 2018. The platform has since grown to over one million registered users. While specific financial details of the transaction are not disclosed, it is recognized as one of the largest venture capital exits for a Cambodian company. Mekong Strategic Capital played a key role as the lead financial advisor, orchestrating this major transaction.

Sectors

Venture Capital
Food Delivery and eCommerce
Financial Advisory Services

Geography

Cambodia – Nham24 is a Cambodian company and the investment took place in this region.

Industry

Venture Capital – The investment and exit transaction involving Nham24 represents activities typical of the venture capital industry.
Food Delivery and eCommerce – Nham24 operates as a food delivery and eCommerce platform, the core focus of the transaction.
Financial Advisory Services – Mekong Strategic Capital was involved as a financial advisor, providing advisory services for the transaction.

Financials

Not Disclosed – The financial specifics of the transaction, such as deal price or exit multiples, are not disclosed.

Participants

Name	Role	Type	Description
Grab	Buyer	Company	Acquired an equity stake in Nham24, expanding its influence in the Cambodian market.
Nham24	Target Company	Company	Cambodia's food delivery and eCommerce platform, the subject of the equity acquisition by Grab.
Mekong Strategic Ventures	Seller	Company	Managed the investment through the Smart Axiata Digital Innovation Fund (SADIF) and sold the stake in Nham24.
Mekong Strategic Partners	Financial Advisor	Company	Acted as the lead financial advisor in facilitating the transaction.