The conglomerate's corporate venturing subsidiary, set up over a year ago with a $100m investment target, has closed, apparently without striking a deal.
Vietnam-based conglomerate Vingroup has shut down its corporate venturing unit, Vingroup Ventures, DealStreetAsia has reported.
Founded in Ukraine in 1993, Vingroup moved into Vietnam in 2000 and has concentrated its activities in the country since then. Its main areas of interest include technology, manufacturing and a range of services in sectors including education, health and real estate.
Vingroup established the vehicle in late 2018 and had targeted $100m of investments across the globe according to its LinkedIn page, though it…
