STIC Investments
STIC Investments is an investment firm based in Seoul, Korea, founded in 1999. It engages in private equity and venture capital activity, including management buyouts, acquisitions, restructurings, replacement capital, turnaround deals, and public-to-private transactions, with a focus on technology and a broad mix of sectors such as ICT, industrials, business services, biology, healthcare, consumer, consumer technology, games, and entertainment. The firm seeks to support promising businesses and drive growth across Asia, aiming to foster growth and prosperity in regional economies.
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Andy Chang
Managing Partner, Head of Greater China Team and Greater China / Partners Committee Member
Past deals in Myanmar
Grab
Venture Round in 2020
Grab is a Southeast Asia-based mobile platform that integrates ride-hailing, food and grocery delivery, and financial services, connecting drivers, merchants, and customers through a single app. It operates in Singapore, Indonesia, the Philippines, Malaysia, Thailand, Vietnam, and Myanmar, and holds a leading market share in ride-hailing and food delivery, with 89% of revenue derived from these core businesses. The company also offers payments, consumer loans, and enterprise financial services. It charges commissions to both riders and merchants as it links them with consumers. Founded in 2012 by Anthony Tan and Tan Hooi Ling, Grab is headquartered in Singapore and maintains offices in Seattle, Beijing, Bangalore, Jakarta, and Vietnam. In 2024, Singapore, Indonesia, and Malaysia together contributed more than 70% of revenue.
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