Business Standard

DBS, Temasek set up $500 mn financing platform for growth stage firms

DBS said in a statement that EvolutionX will invest in opportunities arising from an increasingly digital economy - across sectors like financial services, consumer, healthcare, etc

A logo of DBS is pictured outside an office in Singapore. Photo: Reuters
Premium

A logo of DBS is pictured outside an office in Singapore. Photo: Reuters

Abhijit Lele Mumbai
Singapore-based financial services group DBS and Temasek have set up $500 million financing platform, EvolutionX Debt Capital (EvolutionX) for non-dilutive funding to technology-enabled firms with a focus on China, India, and Southeast Asia.

It will be led by Joint Interim CEOs Amit Sinha, Group Head of Telecoms, Media and Technology, at DBS, and Aftab Mathur, director, Investment, at Temasek, before a full-time CEO is appointed in the next few months.

DBS said in a statement that EvolutionX will invest in opportunities arising from an increasingly digital economy – across sectors such as financial services, consumer, healthcare, education and industrial development.

Tan Su Shan,

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 30 2021 | 12:15 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com