Info Edge Ventures has raised Rs 375 crore from Singapore government’s investment firm Temasek Holdings Ltd. about 50 per cent of its Rs 750 crore early-stage venture capital (VC) fund launched in January, backed by Info Edge (India) Ltd.
The VC fund focuses on investments in early-stage technology startups in India. It had already diversely invested in nine early-stage tech startups in digital media, fintech, edtech, healthtech, e-commerce, gaming, and SaaS. The investments made on startups are Rusk Media, Fanclash, Fanclash, Truemeds, Bulbul, Qyuki, FirstHive, Polymerize and Udayy.
“We have a deep and long-standing relationship with Temasek, having partnered with them at Info Edge, as well as for investments such as Policybazaar and Zomato. We share a common vision and values and we look forward to backing great entrepreneurs in India together,” said Sanjeev Bikhchandani, Founder & Executive Vice Chairman of Info Edge.
Info Edge Ventures has backed unicorn startup such as Zomato and Policybazar as first institutional investor. It had also invested in different companies including business-to-business (B2B) e-commerce platform Shopkirana and Bijnis, logistics SaaS provider Shipsy, Ustraa men’s grooming brand and others.