A significant infrastructure investment initiative was announced for the Indo-Pacific region, with a coalition formed by KKR, Global Infrastructure Partners (GIP), and the Indo-Pacific Partnership for Prosperity committing $25 billion. U.S. Commerce Secretary Gina Raimondo revealed this development during her visit to Singapore, highlighting the strategic importance of infrastructure development...
India’s Ola Electric to Raise $662 Million in IPO
Bangalore-headquartered electric vehicle company Ola Electric has filed for an initial public offering (IPO) planned for this year. The IPO aims to raise $662 million, which will make Ola Electric the first EV maker to be publicly listed in India. This upcoming IPO is seen as an important test case...
India’s Internet Economy Slated to Reach $1 Trillion by 2030
A joint report by Google,Temasek, and Bain & Company released in early June, said India's internet economy, mainly driven by the e-commerce vertical, is expected to register six-fold growth and touch $1 trillion by 2030. The growth will be led by the B2C e-commerce segment, followed by B2B e-commerce, software-as-a-service...
Singapore’s Temasek Invests $2 Billion in India’s Manipal Hospitals
Singapore-based sovereign wealth fund Temasek acquired an additional 41% stake in India's Manipal Health Enterprises from investors including TPG, boosting its stake in one of the country's largest hospital chains to 59%. Private equity firm TPG, an investor in Manipal since 2015, will fully exit its stake, though it will...
Danone's Venture Arm Invests In Indian Yoghurt Startup
Mumbai-based food startup Drums Food International that sells the popular brand of Epigamia yogurts has raised $30 millon in a Series C round of funding from Danone Manifesto Ventures, the investment arm of the French dairy major. Drum sells artisanal greek yogurt, "mishti doi", and packaged smoothies in 10,000 stores in India....
Temasek and Ascendas-Singbridge Group to Invest in India Logistics
Singapore-based Ascendas-Singbridge Pte Ltd., that offers urban development solutions, will invest $320 million in logistics and industrial real estate in India. The company launched the Ascendas India Logistics Program which targets developing a portfolio of thirteen to fifteen million square feet of space in key warehousing and manufacturing hubs in...