Fortera announced it has raised $30 million in Series B round co-led by Temasek and Khosla Ventures. Fortera is a Silicon Valley-based Materials Technology Company founded in May 2019, that has created a process that economically converts CO2 into a cement ready for use anywhere Ordinary Portland Cement is used. “The Series B round will help accelerate the…
upGrad, South Asia’s largest online higher education company, announced that it has raised USD 120 million from Temasek, a global investment company headquartered in Singapore. This is the first external funding raised by the edtech major. Since its founding six years ago in 2015, upGrad has been 100% owned, funded, and run by its co-founders…
Duckbill, the world leading container trucking/drayage service platform featuring intelligent dispatching and transportation management, announced the closing of fund raising of US$50 million which marks the biggest funding in the industry. This round of funding was led by Temasek, with participation from Pavilion as well as existing shareholders including Future Capital, Discovery Fund, Shunwei Capital,…
Elearning platform Lido Learning is planning to raise $30 million funding from Temasek, Singapore-based investment fund. Lido Learning was founded in 2019 by second time ed-tech entrepreneur Sahil Sheth. Seth had earlier founded Infinite Student which was later acquired by edtech unicorn BYJU’S in 2015. Post the acquisition of his first startup, Seth joined BYJU’S…
Info Edge Ventures has secured Rs 375 crore from Singapore government’s investment firm – Temasek. Speaking on the investment, Amit Behl, Partner, Info Edge Ventures said – “This decade shall be an exciting time for startups as the pace of technology adoption increases dramatically in India. We look forward to partnering with talented founders and…
Pravasi Rojgar, an app built by actor Sonu Sood to offer support to workers in finding right job opportunities in various sectors across the country, has entered a joint venture with Temasek’s job search platform for blue-collar workers GoodWorker. The JV will formally launch its product offerings in early 2021. GoodWorker has also made an…
Food delivery unicorn Zomato has raised $100 million in funding from Tiger Global’s Singapore investment arm, Internet Fund VI Pte Holdings, according to YourStory report. Post current funding, the foodtech unicorn is valued at $3.4 billion, which is close to its competitor Swiggy at $3.6 billion valuation, according to media reports. Zomato will use the…
Zomato, the food delivery startup, announced that it has raised $62 million funding from Singapore’s state investment arm Temasek. Temasek financed the capital through its unit MacRitchie Investments, a regulatory filing showed, according to business intelligence firm Tofler. The food ordering and restaurant discovery platform was valued at about $3 billion, according to a media…
New York-based global cybersecurity services company BlueVoyant recently announced the close of a third round of funding. The $68mn financing round was led by Temasek, a global investment company headquartered in Singapore, and included participation from new and other existing investors. This brings total funding of the company to $275 million to date. The latest…
Glympse Bio, a biotechnology company advancing the way diseases are understood, tracked, and treated, announced that it has raised $46.7 million Series B financing. The proceeds from the financing will support continued development of Glympse’s novel biosensor platform in fibrotic diseases such as Non-Alcoholic Steatohepatitis (NASH), oncology, and infectious diseases. The financing round was led…
A consortium led by KKR that includes Temasek, announced that it has completed the acquisition of an investment in Vinhomes Joint Stock Company, the leading integrated real estate developer in Vietnam. The KKR-led consortium has collectively invested VND15.1 trillion (US$650 million) which translates into a c.6% equity stake in Vinhomes. Following the transaction, Vingroup Joint…
Singapore’s state investor, Temasek, is reportedly looking to invest up to $100mn in food delivery unicorn Zomato. The development was first reported by Economic Times on Tuesday, citing people familiar with the matter. According to the report, the investment comes at a time when Zomato’s largest institutional stakeholder Ant Financial’s promised investment of $150mn has…
Arterys, a US-based global medical imaging platform to deliver clinical AI products over the internet, announced that it has raised a $28 million Series C investment from a syndicate led by Benslie Investment Group and Temasek Holdings, with participation by Fosun, Revelation Partners, Emergent Medical Partners, and Varian Medical Systems. Arterys said it will deploy…
Food delivery start-up Zomato on Friday announced that it has raised $150mn in fresh funding from Alibaba subsidiary Ant Financial. With the recent investment, Zomato is now valued at $3bn. Zomato was founded by Deepinder Goyal and Pankaj Chaddah in 2008. So far Zomato has raised a total of $840mn in funding from multiple investors.…
Health and fitness start-up CureFit is set to receive an investment of $100 million. As per a Mint report, Singapore’s government-owned investment firm Temasek is reportedly in talks with CureFit to invest $100mn. The transaction is expected to conclude in the next six to eight weeks. It is understood that the Singapore-based investment firm has…