Page 4 - Temasek
Temasek bullish on Indian start-ups, renew energy despite slowdown overseas
Top executives of Temasek, which has doubled its India portfolio in the past five years to $16 billion, said the fund made several successful exits from India in FY 22
 "Temasek bullish on Indian start-ups, renew energy despite slowdown overseas")
OneCard is India's 104th unicorn, raises $100 mn in Series D led by Temasek
The latest round by OneCard, owned by Pune-based FPL Technologies, also saw investment from existing investors such as QED, Sequoia Capital, and Hummigbird Ventures
 "OneCard is India's 104th unicorn, raises $100 mn in Series D led by Temasek")
Shiprocket's logistics volume to grow 40% after Pickrr acquistion: CEO
Shiprocket is acquiring a majority stake in Pickrr for an estimated $200 million in cash, stock and earn-out
 "Shiprocket's logistics volume to grow 40% after Pickrr acquistion: CEO")
Jain Irrigation to merge international biz with Temasek-backed Rivulis
The cash proceeds will be used to pay off Rs 2,700 crore of overseas debt
 "Jain Irrigation to merge international biz with Temasek-backed Rivulis")
Country Delight raises $108mn in series D led by Venturi Partners & Temasek
Founded in 2013, the company delivers dairy, fruits, and vegetables to the doorstep of consumers.
 "Country Delight raises $108mn in series D led by Venturi Partners & Temasek")
Dr Agarwal's Health Care raises over Rs 1,000 cr from TPG Growth, Temasek
Dr Agarwal's Group of Eye Hospitals has added more than 60 units to its network in the past five years alone
 "Dr Agarwal's Health Care raises over Rs 1,000 cr from TPG Growth, Temasek")
Temasek to acquire Bridgepoint's UK-based testing firm for $7 billion
State investor Temasek, which acquired a significant minority stake in Element in 2019, is buying the company from London-listed buyout firm Bridgepoint Group
 "Temasek to acquire Bridgepoint's UK-based testing firm for $7 billion")
India's ShareChat raises $266 million for valuation of $3.7 billion
The new investments, part of ShareChat's third funding round this year, was led by Alkeon and saw participation from Singapore's Temasek Holdings and Moore Strategic Ventures, among others.
 "India's ShareChat raises $266 million for valuation of $3.7 billion")
Shiprocket closes $185 mn funding round, led by Zomato, Temasek, Lightrock
E-commerce logistics firm Shiprocket said it has signed definitive agreements for a $185 million (Rs 1,380 crore) Series E funding round
 "Shiprocket closes $185 mn funding round, led by Zomato, Temasek, Lightrock")
We have processed over $20 billion in transactions: Open CEO Anish Achuthan
We have an advantage over fintechs that offer lending based on credit bureau scores or conventional bank statements, said Achuthan
 "We have processed over $20 billion in transactions: Open CEO Anish Achuthan")
Toch.ai raises $11.75 mn to scale up tech infra, expand into global markets
The $224 bn digital video content and advertising industry has long been plagued with time-consuming, manual processes and Toch.ai is addressing that problem using technology
 "Toch.ai raises $11.75 mn to scale up tech infra, expand into global markets")
Google, Temasek back Indian neo-banking firm Open with $100 mn investment
Open plans to use the funds to strengthen its leadership in SME neo-banking space. taking the total SME base from 2 million at present to 5 million in India and expand its services to South East Asia
 "Google, Temasek back Indian neo-banking firm Open with $100 mn investment")
Tata Motors: In advanced stages to raise $1 billion for EV biz - Report
Tata Motors fund raising has attracted multiple private equity funds from the US, Middle East and Southeast Asia for for EV business.
 "Tata Motors: In advanced stages to raise $1 billion for EV biz - Report")
Temasek to invest Rs 540 cr in True North-backed healthcare firm Integrace
Integrace is an orthopaedic and gynaecology-focused formulation player ranking among the top five in its area. It manages 20 brands and recently acquired two brands in Women's Health from Zydus Cadila
 "Temasek to invest Rs 540 cr in True North-backed healthcare firm Integrace")
Google, 3one4 Capital, and Temasek invest Rs 453 cr in neo-bank Open
Existing investor Tiger Global also participates in Series C round; Open claims to be one of the country's largest SME banking platforms; last Feb it had processed $11 bn in transactions
Ronnie Screwvala's edtech startup upGrad a unicorn; valuation tops $1.2 bn
Closes a series of raises from Temasek, IFC and IIFL, mopping up a total of $185 million
 "Ronnie Screwvala's edtech startup upGrad a unicorn; valuation tops $1.2 bn")
Will invest in firms that reflect India's growth: Temasek Dy head, India
'India's public market has matured to accept new-age tech firms', says Promeet Ghosh
 "Will invest in firms that reflect India's growth: Temasek Dy head, India")
Edtech startup Unacademy gets $440 mn funding, valuation crosses $3.44 bn
Unacademy Group's valuation has grown almost ten times in 18 months, riding on demand for online training
 "Edtech startup Unacademy gets $440 mn funding, valuation crosses $3.44 bn")
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
 "DBS, Temasek set up $500 mn financing platform for growth stage firms")
Singapore's DBS and Temasek to set up $500 million debt financing platform
Southeast Asia's biggest lender DBS Group Ltd and Singapore state investor Temasek Holdings said on Friday they would jointly launch a $500 million growth stage debt financing platform
 "Singapore's DBS and Temasek to set up $500 million debt financing platform")
