Temasek has pumped $51.5m into classified listings operator Info Edge's debut consumer technology fund, bringing its corpus to almost two thirds of its $100m ceiling.
Info Edge Venture Fund (IEVF), the corporate venturing fund formed by India-listed online job portal operator Info Edge, has raised Rs 3.8bn ($51.5m) for its inaugural fund from Singaporean state-owned investment firm Temasek, according to TechCircle.
The amount represents half of the fund’s $100m total ceiling and adds to the $14m Info Edge put up at its inception in January 2020. Temasek made the contribution through indirect subsidiary MacRitchie Investments, according to a regulatory filing cited by TechCircle.
IEVF…
