Twitter LinkedIn
    Wednesday, October 4
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Funds»Temasek Holdings commits $162.5 mn in Zomato-backer Info Edge’s three funds
    Funds

    Temasek Holdings commits $162.5 mn in Zomato-backer Info Edge’s three funds

    May 2, 2022Updated:May 2, 20221 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    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

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    funds PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    KKR looking to sell Canadian gas producer Westbrick for $1.13B

    November 18, 2022

    Carlyle targeting $1.6B for second renewables fund

    November 18, 2022

    Comments are closed.

    Other Articles

    Smiths Group mulling £2bn offer from US private equity firm for medical division

    July 12, 2021

    Partners Group acquires District Heating Platform in Northern Europe

    March 12, 2021

    European Private Equity Deal and Fundraising Activity Near Record Highs in 2020 Despite COVID-19

    January 22, 2021

    Abu Dhabi’s $232 Billion Mubadala Wants to Take Crack at Top 10

    January 8, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?