Singapore state investment firm Temasek Holdings has announced an investment of $162.5 million (Rs 1,245 crore) in three funds owned and managed by Info Edge (India) Ltd, which owns and operates portals such as job site Naukri.com and real estate broking platform 99acres.com.
The Temasek arm will invest $50 million (around Rs 383 crore) in the second scheme of Info Edge Venture Fund (IEVF), follow on of fund I; $75 million (Rs 575 crore) in Info Edge Capital’s IE Venture Investment Fund II and $37.5 million (Rs 287 crore) in Capital 2B Fund I, which is awaiting regulatory approval.
The first fund, which raised around Rs 750 crore ($100 million), has made investments in DotPe, a payments company set up by PayU India co-founder; Qyuki, a venture co-founded by music composer AR Rahman; Fanclash, an e-sports community engagement platform and Truemeds, a telehealth platform.
Read more: VCCircle
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