Temasek, a global investment company headquartered in Singapore, has committed Rs.375 crore to Info Edge Ventures Fund. Info Edge Ventures is a Rs.750 crore early-stage venture capital fund backed by Info Edge (NSE: Naukri), and the fund was launched in January 2020. The fund has already invested in nine early stage startups in e-Commerce, digital media, fintech, edtech, healthtech, gaming and SaaS.

“We are delighted to be partnering with Temasek at the Info Edge Venture Fund. 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, Info Edge.

“With Info Edge and Temasek as LPs, we have patient capital and a global network to back tech entrepreneurs who are building innovative businesses. We look forward to leveraging their decades of experience in building large technology companies that have fundamentally changed industries,” said Kitty Agarwal, Partner, Info Edge Ventures.

“This decade shall be an exciting time for startups as the pace of technology adoption increases dramatically in India. As a founder-first firm, Info Edge has been steadfast in supporting its portfolio companies, and at Info Edge Ventures the yardstick we would like to be measured by is the growth and the success of our portfolio companies. We look forward to partnering with talented founders and like-minded investors to create world class businesses,” said Amit Behl, Partner, Info Edge Ventures.