Temasek Holdings is a Singapore-based investment company founded in 1974. The firm specializes in providing debt financing and is dedicated to transforming economies, enhancing middle-income populations, and fostering emerging champions. Temasek operates across various sectors, including financial services, transportation, industrial, consumer goods, real estate, telecommunications, media, technology, and life sciences. Its strategic focus is on developing comparative advantages within these industries to support sustainable growth and innovation.
Managing Director, Investment (Credit and Hybrid Solutions)
Gary Ang
Managing Director, Macro Strategy
Parimal Aswani
Managing Director, Technology
Ravi Balasubramanian
Managing Director, Portfolio Development, New Energy and Industrials
Siddartha Bhattacharjee
Head of Mobility and Logistics and Managing Director of Portfolio Strategy & Risk Group
Eric Bielke
Director
Dawn Chan
Director of Investments
Yuliang Chang
Managing Director, Investment (China)
Eu Chua
Managing Director, Institutional Relations and Singapore Market
Ranjit Dandekar
Managing Director, Investment
Nagi Hamiyeh
Senior Managing Director
Reena Kanagasingam
Managing Director, Investment (Public Markets)
Ming Pey Lim
Chief of Staff, Executive Office, Deputy Chief Corporate Officer and Managing Director, Strategy Office
Paul Liu
Managing Director, Investment (Financial Services), Portfolio Strategy and Risk Group
Anuj Maheshwari
Head, Agri-Food Managing Director, Investment (Middle East and Africa)
Nicolas Meier
Managing Director, Investment (EMEA) and Director
Jingwen Miao
Managing Director, Investment (China)
Suranjan Mukherjee
Managing Director, Cross Asset Macro Portfolio and Joint Head, Public Market Investment Strategies
Ryan Rakestraw
Director
Parangam Ray
Managing Director, Organisation and People
Pierce Scranton
Managing Director, Institutional Relations and Deputy Head, North America
Shaun Seow
Managing Director, Singapore Market and Head, Community Stewardship
Jason Sun
Chief Representative, Beijing and Managing Director, Investment (China)
Belinda Tan
Managing Director, Finance (Financial Management)
Man-Keung Tang
Managing Director, Macro Strategy
Sulian Tay
Operating Partner
Karen Toh
Managing Director, Finance (Treasury)
Damien Vacherot
Director
Benoit Valentin
Senior Managing Director EMEA and Head of Private Equity Fund Investments
Rob Williams
Managing Director, Investment (EMEA)
Yibing Wu Ph.D
CEO, China
Past deals in ASEAN
Marketnode
Series A in 2024
Marketnode is a joint venture between SGX Group and Temasek, serving as a neutral digital markets infrastructure in the Asia-Pacific region. The company operates two primary platforms: Gateway and Fundnode. Gateway functions as a comprehensive, end-to-end platform that enhances workflows and reduces time to market by leveraging tokenisation technologies. Fundnode acts as Singapore's investment fund utility on blockchain, streamlining transaction management, funds processing, and record-keeping for the funds ecosystem. Marketnode also collaborates with fixed-income issuance platforms to integrate post-trade and asset servicing infrastructure, addressing the growing demand across various asset classes, including sustainable finance. Through its innovative solutions, Marketnode aims to facilitate a seamless issuance-to-settlement network for market participants involved in Asia bonds and beyond.
Leapfrog Investments
Private Equity Round in 2023
LeapFrog Investments is a private equity and venture capital firm based in London, United Kingdom, specializing in growth-stage and expansion investments primarily in the financial services and healthcare sectors. Founded in 2007, the firm focuses on businesses that deliver essential financial services and healthcare products, including mobile payments, insurance, pensions, savings, credit, and retail healthcare distribution. LeapFrog targets investments in emerging markets across Asia and Africa, with a particular emphasis on countries such as Kenya, Nigeria, Ghana, South Africa, India, Indonesia, the Philippines, and Sri Lanka. The firm typically invests between $10 million and $50 million, making both minority and majority investments, and aims for exits within four to seven years through various means, including IPOs and trade sales. LeapFrog's strategic approach emphasizes impact investing, aiming to foster growth in sectors that benefit underserved populations.
Sociolla
Venture Round in 2022
Sociolla was established with the aim of providing comfort for women in Indonesia to shop for makeup/cosmetics, skincare, haircare, beauty equipment, and perfume. Sociolla only works with authorized distributors and brand holders to ensure product authenticity. We understand that quality is the main aspect; especially for beauty products that we apply to the skin.
Well-Link Tech
Series B in 2022
Well-Link is a cloud rendering solutions provider with headquarters in Singapore.
Whale
Series C in 2022
Whale provides an omnichannel marketing platform that transforms marketing operations, digitalizes store operations and unifies offline & online brand experiences leveraging AI + IoT + Big Data to “Connect Brands with Customer”. Founded in 2017, Whale has since empowered 1000+ global FMCG, F&B, Fashion and Automotive brands including P&G, Unilever, Starbucks, UNIQLO, ARMANI, Watsons, Xiaomi, Midea, Lotus, POP MART etc. with over 150,000 stores across APAC, enabling brands to embrace the full potential of digital transformation. Equipped with AI capabilities, patented ReID technology and enterprise-grade security, Whale platforms comprising of Space Data Platform (SDP), Whale Marketing Cloud (WMC), Whale Open Platform (WOP) and Whale Analytics, serve as the end-to-end digitalization engine that enables brands to seamlessly engage with each customer. Whale is backed by Temasek Holding, NIO Capital, Source Code Capital, Linear Capital, Alpha Commune, BAI Capital and The Jiangmen, with 6 offices across Singapore, Hangzhou, Shanghai, Beijing and Shenzhen.
Waresix
Series B in 2022
Waresix is a logistics platform based in Jakarta, Indonesia, that specializes in freight forwarding, warehousing, and land transportation. The platform facilitates the connection between business owners and professional warehouse operators, allowing users to access on-demand warehouse services. Waresix addresses the growing demand for flexible warehousing solutions, particularly in the expanding e-commerce market. By matching unused warehouse space with businesses in need, the platform enables clients—including retailers, distributors, and manufacturers—to effectively manage inventory, adapt to variable demand, and streamline operations through features such as documentation management and billing.
Next Gen Foods
Series A in 2022
Next Gen Foods is a food-tech startup that offers plant-based meat products. Its plant-based products look and taste like meat and are developed using agricultural food ecosystems helping consumers to have foods that are rich in protein and nutrients. The company was founded in 2020 and is headquartered in Singapore.
iCapital Network
Venture Round in 2021
iCapital Network is a fintech platform for alternative investments and investors. It has transformed the way the wealth management, banking, and asset management industries facilitate access to private markets investments for their high-net-worth clients by providing intuitive, end-to-end technology and service solutions. Wealth management firms use iCapital’s solutions to provide clients with quality funds at lower minimums and simplified digital workflows. Asset managers, RIAs, and banks leverage iCapital’s technology to streamline and scale their alternative investments operational infrastructure. Additionally, the iCapital ‘flagship’ platform offers wealth advisors and their high-net-worth client's access to a curated menu of private equity, private credit, hedge funds, structured investments, and other alternatives to help meet their investing needs for return and diversification. iCapital’s research and diligence team offers robust analysis alongside the firm’s extensive suite of advisor education, compliance, portfolio management, and portfolio analytics tools and services. iCapital has been recognized on the Forbes FinTech 50 list each year from 2018 through 2002, the Forbes America’s Best Startup Employers in 2021 and 2022, and MMI/Barron’s Industry Awards as Solutions Provider of the Year in 2020 and 2021. As of May 31, 2022, iCapital services more than US$130 billion in global client assets, of which more than US$30 billion are from international investors (non-US Domestic), across more than 1,035 funds. Employing more than 800 people globally, iCapital is headquartered in NYC and has offices worldwide including in Zurich, London, Lisbon, Hong Kong, Singapore, and Toronto.
ONE Championship
Venture Round in 2021
ONE Championship is Asia's largest sports media property with a global broadcast to over 1 billion potential viewers across 128 countries. Headquartered in Singapore, the world’s most exciting martial arts organization is home to some of the greatest martial artists in the world, hosting Asia's greatest sports entertainment events in the largest stadiums of the most iconic cities across the region.
Grab
Post in 2021
Grab Holdings Inc. is a prominent online-to-offline service provider based in Singapore, focusing on mobile technology solutions for transportation across Southeast Asia. Founded in 2012 by Anthony Tan and Tan Hooi Lng, Grab integrates various transportation services through its platform, which includes offerings such as GrabTaxi, GrabCar, GrabHitch, GrabShare, GrabCoach, GrabShuttle, GrabShuttle Plus, GrabFamily, JustGrab, GrabNow, and GrabRental. The company operates in multiple countries, including Singapore, Indonesia, the Philippines, Malaysia, Thailand, Vietnam, and Myanmar. In addition to its headquarters in Singapore, Grab has offices in Seattle, Beijing, Bangalore, Jakarta, and Vietnam, further extending its reach and capabilities within the region.
Carro
Series C in 2021
Carro is an automotive marketplace that offers a full-stack service for all aspects of car ownership. It challenges the traditional way of buying and selling of cars through a proprietary pricing algorithm. Carro also provides a range of services that offer everything a car owner needs throughout their car ownership journeys such as an in-house financing solution warranty options and Singapore’s first on-demand roadside recovery platform. The company was founded in 2015 and is headquartered in Singapore.
J&T Express
Private Equity Round in 2021
J&T Express is a logistics service provider focused on express delivery and courier services, primarily supporting the e-commerce sector. Founded in 2015 and headquartered in Jakarta, Indonesia, the company operates automated sorting warehouses in Indonesia and Singapore. J&T Express has established itself as a leading player in the express delivery market across Southeast Asia, offering services in 13 countries. By partnering with major e-commerce platforms, J&T facilitates the growth of its clients, enabling them to expand into new markets effectively. Its commitment to efficient logistics and innovative solutions positions J&T Express as a key player in the rapidly evolving logistics landscape.
SaladStop!
Series B in 2021
SaladStop! is a leading player in the healthy food movement in Singapore, focusing on making nutritious food convenient and accessible. The restaurant chain specializes in salads, grain bowls, wraps, and smoothies that are made without artificial flavors or coloring, ensuring nutritional transparency for consumers. With 23 outlets currently operating in Singapore and Manila, SaladStop! is on track to expand further into Indonesia and Japan, aligning with its vision of becoming a prominent global name in nutrition, health, and wellness. The company is dedicated to providing delicious and climate-positive food choices, catering to the growing demand for healthier eating options.
GoTo Group
Funding Round in 2021
GoTo Group is an application used for ride-hailing, food delivery, and other services. GoTo Group is driving progress by providing technology infrastructure and solutions that enable everyone to participate in and thrive in the digital economy.
ShopBack
Series E in 2021
ShopBack is a leading online shopping platform in Southeast Asia that enables consumers to make smarter purchase decisions through cashback rewards. Operating in countries such as Singapore, Malaysia, Indonesia, the Philippines, Thailand, and Taiwan, ShopBack processes over 1,000 orders per hour and offers cashback of up to 30% to enhance consumers' purchasing power. The platform connects users with more than 1,300 merchant partners, including well-known brands like Uber, Expedia, and Lazada, providing a diverse range of deals and incentives. In addition to benefiting consumers, ShopBack delivers cost-effective marketing solutions to its merchant partners. The company has received multiple accolades for its innovative approach, including awards at the Singapore Infocomm Technology Federation Awards and the Emerging Enterprise Award, highlighting its significant impact in the e-commerce sector.
Allay Therapeutics
Series C in 2021
Allay Therapeutics is focused on developing innovative pain management solutions aimed at improving post-surgical recovery for patients. The company utilizes a proprietary technology platform that integrates validated non-opioid analgesics with biopolymers to create dissolvable therapeutic products. These products are designed to deliver targeted pain relief at the surgical site over extended periods, significantly longer than conventional pain treatments. Allay's lead investigational product, ATX101, is currently undergoing evaluation in a Phase 2 clinical trial for total knee arthroplasty surgeries. With a team of experienced entrepreneurs, scientists, and clinicians based in the San Francisco Bay Area and Singapore, Allay Therapeutics is dedicated to transforming the approach to pain management and addressing the limitations associated with opioid use.
Whale
Series B in 2021
Whale provides an omnichannel marketing platform that transforms marketing operations, digitalizes store operations and unifies offline & online brand experiences leveraging AI + IoT + Big Data to “Connect Brands with Customer”. Founded in 2017, Whale has since empowered 1000+ global FMCG, F&B, Fashion and Automotive brands including P&G, Unilever, Starbucks, UNIQLO, ARMANI, Watsons, Xiaomi, Midea, Lotus, POP MART etc. with over 150,000 stores across APAC, enabling brands to embrace the full potential of digital transformation. Equipped with AI capabilities, patented ReID technology and enterprise-grade security, Whale platforms comprising of Space Data Platform (SDP), Whale Marketing Cloud (WMC), Whale Open Platform (WOP) and Whale Analytics, serve as the end-to-end digitalization engine that enables brands to seamlessly engage with each customer. Whale is backed by Temasek Holding, NIO Capital, Source Code Capital, Linear Capital, Alpha Commune, BAI Capital and The Jiangmen, with 6 offices across Singapore, Hangzhou, Shanghai, Beijing and Shenzhen.
iCapital Network
Series C in 2021
iCapital Network is a fintech platform for alternative investments and investors. It has transformed the way the wealth management, banking, and asset management industries facilitate access to private markets investments for their high-net-worth clients by providing intuitive, end-to-end technology and service solutions. Wealth management firms use iCapital’s solutions to provide clients with quality funds at lower minimums and simplified digital workflows. Asset managers, RIAs, and banks leverage iCapital’s technology to streamline and scale their alternative investments operational infrastructure. Additionally, the iCapital ‘flagship’ platform offers wealth advisors and their high-net-worth client's access to a curated menu of private equity, private credit, hedge funds, structured investments, and other alternatives to help meet their investing needs for return and diversification. iCapital’s research and diligence team offers robust analysis alongside the firm’s extensive suite of advisor education, compliance, portfolio management, and portfolio analytics tools and services. iCapital has been recognized on the Forbes FinTech 50 list each year from 2018 through 2002, the Forbes America’s Best Startup Employers in 2021 and 2022, and MMI/Barron’s Industry Awards as Solutions Provider of the Year in 2020 and 2021. As of May 31, 2022, iCapital services more than US$130 billion in global client assets, of which more than US$30 billion are from international investors (non-US Domestic), across more than 1,035 funds. Employing more than 800 people globally, iCapital is headquartered in NYC and has offices worldwide including in Zurich, London, Lisbon, Hong Kong, Singapore, and Toronto.
Next Gen Foods
Seed Round in 2021
Next Gen Foods is a food-tech startup that offers plant-based meat products. Its plant-based products look and taste like meat and are developed using agricultural food ecosystems helping consumers to have foods that are rich in protein and nutrients. The company was founded in 2020 and is headquartered in Singapore.
Halodoc
Series C in 2021
PT HaloDoc is a digital healthcare platform based in Jakarta, Indonesia, founded in 2016. It connects patients with a network of 19,000 licensed doctors and 1,000 certified partner pharmacies through its services. Users can engage with medical professionals via video calls, voice calls, and chat, making healthcare more accessible. The platform also allows patients to order laboratory tests that can be conducted at home. Additionally, HaloDoc helps users locate the nearest hospitals and clinics, streamlining the process of obtaining medical advice and services in real-time.
Leapfrog Investments
Private Equity Round in 2021
LeapFrog Investments is a private equity and venture capital firm based in London, United Kingdom, specializing in growth-stage and expansion investments primarily in the financial services and healthcare sectors. Founded in 2007, the firm focuses on businesses that deliver essential financial services and healthcare products, including mobile payments, insurance, pensions, savings, credit, and retail healthcare distribution. LeapFrog targets investments in emerging markets across Asia and Africa, with a particular emphasis on countries such as Kenya, Nigeria, Ghana, South Africa, India, Indonesia, the Philippines, and Sri Lanka. The firm typically invests between $10 million and $50 million, making both minority and majority investments, and aims for exits within four to seven years through various means, including IPOs and trade sales. LeapFrog's strategic approach emphasizes impact investing, aiming to foster growth in sectors that benefit underserved populations.
Next Gen Foods
Seed Round in 2021
Next Gen Foods is a food-tech startup that offers plant-based meat products. Its plant-based products look and taste like meat and are developed using agricultural food ecosystems helping consumers to have foods that are rich in protein and nutrients. The company was founded in 2020 and is headquartered in Singapore.
Sociolla
Series E in 2020
Sociolla was established with the aim of providing comfort for women in Indonesia to shop for makeup/cosmetics, skincare, haircare, beauty equipment, and perfume. Sociolla only works with authorized distributors and brand holders to ensure product authenticity. We understand that quality is the main aspect; especially for beauty products that we apply to the skin.
Tokopedia
Series H in 2020
Tokopedia is an Indonesian technology company established in 2019, aimed at democratizing commerce through digital innovation. It operates an online marketplace that allows individuals and businesses to create and manage their online stores without charge. The platform offers a wide range of products, including fashion accessories, beauty and health items, electronics, food, and toys, serving as a comprehensive e-commerce destination for customers. Tokopedia has successfully reached over 99% of districts in Indonesia, empowering more than 10 million merchants and boasting a user base of over 100 million. The company is committed to fostering a Super Ecosystem that facilitates the discovery and initiation of various commerce activities. To support this vision, Tokopedia collaborates with strategic partners across various sectors, including logistics and financial technology, while providing extensive payment options throughout Indonesia. Its contributions have significantly impacted the Indonesian economy, accounting for more than 1% of its growth.
Vinhomes
Post in 2020
Vinhomes is a real estate development company operating in Vietnam, specializing in the development and trading of integrated residential, commercial, and industrial properties. The company focuses on creating modern shopping malls, office spaces, and luxury apartments within cohesive complexes. Additionally, Vinhomes is noted for its eco-luxury urban projects that aim to combine sustainable living with high-end amenities. Alongside property development, Vinhomes also offers real estate management and related services, contributing to its comprehensive approach in the real estate sector.
ShopBack
Series B in 2020
ShopBack is a leading online shopping platform in Southeast Asia that enables consumers to make smarter purchase decisions through cashback rewards. Operating in countries such as Singapore, Malaysia, Indonesia, the Philippines, Thailand, and Taiwan, ShopBack processes over 1,000 orders per hour and offers cashback of up to 30% to enhance consumers' purchasing power. The platform connects users with more than 1,300 merchant partners, including well-known brands like Uber, Expedia, and Lazada, providing a diverse range of deals and incentives. In addition to benefiting consumers, ShopBack delivers cost-effective marketing solutions to its merchant partners. The company has received multiple accolades for its innovative approach, including awards at the Singapore Infocomm Technology Federation Awards and the Emerging Enterprise Award, highlighting its significant impact in the e-commerce sector.
Sunseap
Series D in 2020
Sunseap is a Singaporean company specializing in solar and clean energy solutions, established in 2011. It offers a comprehensive range of services, including project financing, design, installation, and maintenance, aimed at providing cost-effective clean energy alternatives. Sunseap operates as both a licensed Electricity Wholesaler and Retailer, which allows it to implement two primary business models: solar leasing and clean electricity supply. By leveraging its expertise in developing grid-connected photovoltaic power plants, Sunseap diversifies the energy portfolio for businesses and supports the transition to sustainable energy practices.
scommerce asia
Private Equity Round in 2019
scommerce asia is part of Vietnam’s fast growing e-commerce ecosystem since 2012, they have become the leading integrated logistics provider for millions of merchants and consumers, while creating thousands of jobs in the new economy.
Sociolla
Series D in 2019
Sociolla was established with the aim of providing comfort for women in Indonesia to shop for makeup/cosmetics, skincare, haircare, beauty equipment, and perfume. Sociolla only works with authorized distributors and brand holders to ensure product authenticity. We understand that quality is the main aspect; especially for beauty products that we apply to the skin.
D’Crypt Pte
Acquisition in 2019
D’Crypt Pte Ltd. is a a company that provides cryptographic technology. D'Crypt designs and produces solutions in fields such as encrypted communications and high-performance computing, with a signature project being the computational and security technology behind Singapore's Electronic Road Pricing In-Vehicle Unit.
Calysta
Series E in 2019
Calysta, Inc. is a biotechnology company specializing in the development and manufacturing of sustainable protein ingredients derived from innovative sources. The company focuses on producing nutritional feeds and health products for fish and livestock, while also supplying chemicals for various applications, including fibers, plastics, and biofuels. Utilizing a patented fermentation platform powered by renewable energy, Calysta creates protein products such as FeedKind and Positive Protein, which address the increasing global demand for sustainably produced food. With a commitment to food security, the company aims to enhance biodiversity and improve the interconnection between water, energy, and food systems. Founded in 2011 and headquartered in Menlo Park, California, Calysta has additional locations in Houston, Texas; London, United Kingdom; Stavanger, Norway; and Singapore.
BasisAI
Seed Round in 2019
BasisAI is a Singapore-based company that develops an artificial intelligence platform aimed at enhancing enterprise growth and managing risk. Its technology allows for the secure deployment of AI models, tracking data provenance, and monitoring algorithmic integrity. The platform is designed to facilitate AI adoption in various sectors, particularly targeting financial technology and Internet firms. By ensuring AI explainability and providing the necessary structures and frameworks, BasisAI enables enterprises to integrate advanced AI capabilities effectively and responsibly.
ONE Championship
Series D in 2018
ONE Championship is Asia's largest sports media property with a global broadcast to over 1 billion potential viewers across 128 countries. Headquartered in Singapore, the world’s most exciting martial arts organization is home to some of the greatest martial artists in the world, hosting Asia's greatest sports entertainment events in the largest stadiums of the most iconic cities across the region.
Medisix Therapeutics
Series A in 2018
Medisix Therapeutics is a Singapore-based immune engineering company developing novel cellular therapies to address T cell malignancies. Their technology platform originates from world expert in translational immunology, Professor Dario Campana, MD, PhD, a physician scientist who pioneered chimeric antigen receptor T cell (CAR-T) biology. Their programs utilize proprietary immune engineering approaches that enable T cell leukemias and lymphomas to be targeted with cell therapy.
SenseTime
Series C in 2018
SenseTime Group Limited is an artificial intelligence company specializing in computer vision and deep learning technologies. Founded in 2014 and headquartered in Beijing, China, the company develops a wide range of AI solutions, including face and body analysis, image and video recognition, autonomous driving technologies, and medical image analysis. SenseTime's proprietary AI infrastructure, SenseCore, supports scalable and efficient AI software platforms tailored for various applications across sectors such as smart cities, intelligent transportation, healthcare, and finance. The company is also active in advancing industry standards related to data security and ethical AI practices, having contributed to numerous national and international guidelines. With a presence in multiple countries, including Japan, Singapore, and several locations in China, SenseTime aims to drive innovation and foster sustainable productivity through its AI technologies.
Gojek
Series E in 2018
Gojek is an app that providing a variety of services from payments, food delivery, transportation, and logistics. The app is used for food ordering, commuting, digital payments, shopping, hyper-local delivery, getting a massage, and other services. It aims to create a positive socio-economic impact on customers, driver-partners, business, and MSMEs. Gojek is backed by investors including Google, Facebook, PayPal, Sequoia Capital, and Tencent Holdings. The company was founded in 2009 in Jakarta, Jakarta Raya, Indonesia by Kevin Aluwi, Nadiem Makarim, and Michaelangelo Moran.
Viu
Venture Round in 2017
Viu is a video streaming subscription service based in Hong Kong, offering an Over-the-Top (OTT) media platform. It operates in 16 markets, including various countries across Asia, such as Hong Kong, Singapore, Malaysia, Indonesia, the Philippines, Thailand, and Myanmar, as well as in the Middle East, including Bahrain, Egypt, Jordan, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE. Recently, Viu also expanded its services to South Africa. The platform provides a diverse range of content across multiple genres, ensuring that subscribers have access to entertainment in their local languages with subtitles, thereby catering to a global audience.
Calysta
Series D in 2017
Calysta, Inc. is a biotechnology company specializing in the development and manufacturing of sustainable protein ingredients derived from innovative sources. The company focuses on producing nutritional feeds and health products for fish and livestock, while also supplying chemicals for various applications, including fibers, plastics, and biofuels. Utilizing a patented fermentation platform powered by renewable energy, Calysta creates protein products such as FeedKind and Positive Protein, which address the increasing global demand for sustainably produced food. With a commitment to food security, the company aims to enhance biodiversity and improve the interconnection between water, energy, and food systems. Founded in 2011 and headquartered in Menlo Park, California, Calysta has additional locations in Houston, Texas; London, United Kingdom; Stavanger, Norway; and Singapore.
SMRT Corporation
Acquisition in 2016
SMRT Corporation Ltd is an investment holding company based in Singapore that specializes in multi-modal land transport services, both domestically and internationally. The company operates through various segments, including Rail Operations, which manages the mass rapid transit system and light rapid transit services; Bus Operations, which provides public bus services with a fleet of approximately 1,200 buses; and Taxi Operations, which offers taxi and rental services with around 3,500 taxis. Additionally, SMRT engages in commercial space leasing, advertising, engineering consultancy, and other support services. The company also provides charter hire and maintenance services, and operates an educational institution focused on transport-related training. Founded in 1987, SMRT Corporation Ltd has established itself as a key player in Singapore's transportation landscape.
InnoVen Capital
Acquisition in 2015
InnoVen Capital is a prominent venture lending firm based in Mumbai, India, with additional offices in Singapore and Beijing. Established in 2008, it was re-branded following a buyout by Temasek Holdings and UOB Group in 2015. As the first and largest venture debt provider in India, InnoVen Capital specializes in offering debt financing to high-growth and innovative technology startups across various growth stages and sectors. The firm has a strong credit rating, reflecting its financial stability and reliability. InnoVen Capital has facilitated over 190 loans to more than 150 startups throughout India and Southeast Asia, providing a range of debt capital solutions, including venture debt, acquisition finance, growth loans, and syndication.
Lazada Group
Series F in 2014
Lazada Group is a prominent online shopping and selling platform operating across Southeast Asia, including Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. The company connects over 100,000 local and international sellers, along with 2,500 brands, to a consumer base of approximately 560 million people in the region. Lazada's marketplace platform is designed to enhance the shopping experience by providing tailored marketing, data analytics, and service solutions for its partners. It is supported by a robust logistics network, which includes both first- and last-mile delivery services, ensuring efficient order fulfillment and customer satisfaction.
PatSnap
Series A in 2014
PatSnap is an innovation intelligence platform that specializes in providing insights related to intellectual property (IP) and research and development (R&D). Founded in 2007 and headquartered in Singapore, the company serves over 10,000 customers across more than 50 countries. Its platform utilizes artificial intelligence to deliver comprehensive market, technology, and competitive intelligence, along with detailed patent insights. This allows innovators to identify new opportunities, assess risks, track competitors, and make informed decisions throughout the product development process, from ideation to commercialization.
HotelQuickly
Seed Round in 2013
HotelQuickly is a mobile booking platform that specializes in last-minute hotel reservations, offering travelers a straightforward and efficient way to book affordable accommodations. Founded in December 2012 by a group of five entrepreneurs, the company launched its services in March 2013 across several Asian markets, including Hong Kong, Taiwan, and Thailand, and quickly expanded to other regions such as Vietnam, Australia, and New Zealand. With a user base of 1.5 million and access to over 200,000 hotels worldwide, HotelQuickly caters to the needs of modern travelers seeking same-day bookings at 3 to 5-star hotels. The company, headquartered in Hong Kong with an additional office in Bangkok, has also integrated other platforms, such as the Japanese app Tonight, to enhance its offerings. Over the years, HotelQuickly has secured $5.6 million in funding, which has fueled its growth and innovation in the competitive travel industry. Its impact and developments have been recognized by various media outlets, highlighting its role in transforming the hotel booking experience.
Soma Networks
Venture Round in 2005
SOMA Networks was the first broadband wireless access company to offer fully converged, all-IP solutions for world-class service providers. SOMA’s FlexMAX Mobile WiMAX System and SoftAir Multimedia Application System provide standards-based, leading-edge technology that enables service providers to: Differentiate themselves with simultaneous multi-megabit and multimedia services Drive revenue using value-added applications to increase average revenue per user (ARPU) Deliver wireline performance over a broadband wireless infrastructure. Revenue-quality voice over IP (VoIP) with fax support, broadband data and video applications are key components of SOMA solutions, as are the company’s award-winning macro base stations and subscriber gateways. SOMA’s all-IP architecture also makes it easy for service providers to integrate their offerings with other IP-based application servers that streamline billing and provisioning. SOMA is a principal member of the WiMAX Forum, and its FlexMAX Mobile WiMAX System supports the 802.16e-2005 Mobile WiMAX standard. With a strong partner ecosystem and world-class investors, SOMA Networks leads the industry in technology, performance, applications and value. Founded in 1999, SOMA Networks is privately held. The company is headquartered in San Francisco, with offices in Delhi, Ottawa, Singapore and Toronto.
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