Info Edge's corporate venturing activities are being boosted by Singapore-owned Temasek, which is committing 50% of the capital for three of its funds.
Singaporean government-owned investment firm Temasek has committed a total of over $162m to three funds owned by India-headquartered classified listings operator Info Edge, VCCircle reported yesterday, citing regulatory filings.
Info Edge was already a frequent corporate venturer when it launched a venture capital arm dubbed InfoEdge Ventures at the start of 2020 with $14m and a targeted close of $100m.
Temasek vehicle MacRitchie Investments is providing half of the capital for each fund, including $50m for the second iteration…
