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Temasek to step up investment in retail and technology portfolio in India

Wednesday, 12 Jul 2023
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Singapore-based Temasek is bracing up to reinforce its technology, consumer and financial services portfolio in India by raising stakes in various companies and investing in both well-leading and early-stage companies.

Its India-specific investments encompasses a food essentials platform Country Delight, wellness supplements manufacturer and retailer HealthKart, and OneCard, which is a mobile-first credit card issuance platform.

The firm has over the year commited to a new fund managed by its partner LeapFrog Investments, and its first direct investment is in SarvaGram, which provides financial and productivity-based solutions to rural households in India.

EvolutionX Debt Capital which is a growth-stage debt financing platform jointly established by Temasek and DBS Bank, offers financial support to its technology-enabled growth stage companies.

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