EV startup Euler Motors announced it has raised $60 million in funding led by Singapore’s sovereign wealth fund GIC. Moglix, Blume Ventures, Athera Venture Partners (formerly Inventus India), QRG Holdings, and ADB Ventures also participated in the funding round. Euler builds three-wheeler commercial vehicles for its partner companies to use for their logistics requirements. The…
Space-tech startup Skyroot Aerospace has raised $51 million in a funding round led by Singapore’s sovereign fund GIC. The company said it would use the funds to expand the headcount across its engineering team. Founded in 2018, Skyroot builds rockets to help launch small satellites, as it designs and tests multiple rocket propulsion systems. “This…
Global investment firm Carlyle and GIC, and the green ammonia project development company Eneus Energy Limited (Eneus), announce Carlyle and GIC’s strategic investment in Eneus to support the development of a 14GW+ pipeline. Eneus is amongst a small cohort of first movers for industrial scale production plants in a global market for green ammonia and/or…
The board of Aditya Birla Fashion and Retail Limited (ABFRL) in its meeting approved raising of up to Rs.2,195 Cr. by way of preferential issuance of equity and warrants to an affiliate of GIC, Singapore’s sovereign wealth fund (GIC). GIC will invest Rs. 770 Cr. now towards subscription of equity and warrants, followed by up…
Dapper Labs, Inc. has announced US$250M in new funding. Led by Coatue, the new round brings together existing investors a16z, GV (formerly Google Ventures) and Version One Ventures with new investors including BOND and GIC. “Coatue has been investing in technology trends for over 20 years and web 3.0 is one of the most exciting…
Locus, a future-ready platform that automates supply chain decisions, announced that it has designated $4 million for its ESOP buyback. The buyback is at par with the primary of the Series C fundraise. Both current and former employees will be able to vest their stock options. This is the second such buyback by the company,…
India’s e-commerce major, Flipkart, has raised $3.6 billion in a fresh round of funding. The round was led by Canada Pension Plan Investment Board (CPP Investments), Singapore government’s sovereign wealth fund GIC, SoftBank Vision Fund 2 and Walmart along with participation from existing backers like Qatar Investment Authority, post which the company has now been…
Locus, a future-ready platform that automates supply chain decisions, announced that it has raised $50 million in Series C funding led by GIC, Singapore’s sovereign wealth fund, with participation from Qualcomm Ventures LLC and existing investors Tiger Global and Falcon Edge. Angel investors Amrish Rau, CEO of Pine Labs, Kunal Shah, CEO of Cred, Raju…
GIC, Singapore’s sovereign wealth fund, and The Phoenix Mills Limited (PML) have entered into a strategic partnership to establish an investment platform (the Joint Venture) for retail‐led mixed‐use assets in India. This platform will seek to develop, own, and operate retail‐led, mixed‐use developments in India, the statement said. GIC will acquire a significant minority stake…
Logistics and supply chain startup based in India Delhivery has raised $277 million ahead of planned IPO. With this funding, the supply chain services company is now valued at $3 billion. The funding round was led by Boston-based investment platform Fidelity. The new round also saw participation from GIC- a sovereign wealth fund, Chimera, and…
Razorpay, a Bengaluru-based payment service provider that helps businesses automate collections through its gateway service, while helping small businesses manage money flow, said it has raised $160 million from Sequoia India and Singapore-based GIC in a funding round, according to ET report. Existing investors Ribbit Capital and Matrix Partners also participated in the funding round.…
Vimeo, the world’s leading professional video platform, announced a $150 million equity investment from technology investment firm Thrive Capital and GIC. “The funding comes on the heels of record growth at Vimeo—heavily driven by demand from business and corporate customers —and values the software-as-a-service (SaaS) company at $2.75 billion,” Vimeo said in its press release.…
Razorpay, a Bengaluru-based fintech startup has announced that it has raised $100 million in Series D funding led by GIC, Singapore’s sovereign wealth fund, and Sequoia Capital India. With this funding, the startup entered the unicorn club amidst the coronavirus pandemic. Existing investors Y Combinator, Matrix Partners India, Tiger Global, and Ribbit Capital also participated…
Reliance Industries Limited (RIL) and Reliance Retail Ventures Limited (RRVL) announced that GIC will invest ₹ 5,512.5 crore into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of ₹ 4.285 lakh crore. GIC’s investment will translate into a 1.22% equity stake in RRVL on a fully diluted basis.…
Blackstone, one of the world’s leading investment firms, announced that it has reached a definitive agreement to acquire Ancestry from Silver Lake, GIC, Spectrum Equity, Permira, and other equity holders for a total enterprise value of $4.7 billion. Current Ancestry investor GIC will continue to retain a significant minority stake in the company. This transaction…