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$500M Growth Fund for Early-Stage Startups Launched by DBS and Temasek for China, India, SE Asia


$500M Growth Fund for Early-Stage Startups Launched by DBS and Temasek for China, India, SE Asia
Singapore-based
DBS Bank Ltd (SGX:D05), a multinational banking and financial services corporation with over $330 billion in assets, and
Temasek have entered into an agreement to introduce a $500 million growth or early-stage debt financing platform, known as
EvolutionX Debt Capital.
Based in Singapore, EvolutionX will be offering non-dilutive financing to early or growth-stage tech-focused firms based in Asia, with a key focus on China, India, as well as the fast-evolving Southeast Asia region.
EvolutionX will bring together Temasek’s investment expertise and experience along with DBS’ international banking networks in order to support the fast-growing Asian tech ecosystem. ....

Tsu Shan , Amit Sinha , Aftab Mathur , Institutional Banking Group , Bank Ltd , Group Head Of Institutional Banking , Group Head Of Telecoms , Evolutionx Debt , Southeast Asia , Joint Interim Chief Executives Amit Sinha , Group Head , Institutional Banking , சு ஷான் , அமித் சீன்ஹா , நிறுவன வங்கி குழு , வங்கி லிமிடெட் , குழு தலை ஆஃப் நிறுவன வங்கி , தென்கிழக்கு ஆசியா , குழு தலை , நிறுவன வங்கி ,

Temasek, DBS to launch US$500 million debt financing platform


Temasek, DBS to launch US$500 million debt financing platform
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Temasek, DBS to launch US$500 million debt financing platform
Workers on gondola clean the glass panels of the DBS building in Singapore on August 5, 2015. (File photo: AFP/Roslan Rahman)
30 Jul 2021 01:06PM
(Updated:
30 Jul 2021 01:10PM)
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SINGAPORE: Southeast Asia s biggest lender DBS Group and state investor Temasek Holdings will jointly launch a US$500 million debt financing platform, joining a growing trend by banks and investment funds offering debt funding.
Headquartered in Singapore, EvolutionX will provide financing to growth stage technology-enabled companies across Asia, with a focus on China, India, and Southeast Asia, DBS and Temasek said in a joint statement on Friday (Jul 30). ....

Republic Of , Tsu Shan , United Overseas Bank , Temasek Holdings , Southeast Asia , குடியரசு ஆஃப் , சு ஷான் , ஒன்றுபட்டது ஓவர்‌ஸீஸ் வங்கி , தேமாஸேக் ஹோல்டிங்ஸ் , தென்கிழக்கு ஆசியா ,

DBS, Temasek to launch $500 mn debt financing platform


DBS, Temasek to launch $500 mn debt financing platform
Headquartered in Singapore, EvolutionX will provide non-dilutive financing to growth stage technology-enabled companies across Asia, with a focus on China, India, and Southeast Asia.
DBS and Temasek today announced that they have entered into an agreement to jointly launch a $500 million growth stage debt financing platform, called EvolutionX Debt Capital.
Headquartered in Singapore, EvolutionX will provide non-dilutive financing to growth stage technology-enabled companies across Asia, with a focus on China, India, and Southeast Asia.
The growth debt capital space presents a significant opportunity, and EvolutionX will invest in opportunities arising from an increasingly digital economy – across sectors such as financial services, consumer, healthcare, education and industrial development – to accelerate growth and build the next generation of technology leaders. ....

Tsu Shan , Aftab Mathur , Ceos Amit Sinha , Rohit Sipahimalani , Institutional Banking Group , Group Head Of Institutional Banking , Group Head Of Telecoms , Evolutionx Debt , Group Head , Institutional Banking , Chief Investment Strategist , Joint Interim , Amit Sinha , சு ஷான் , நிறுவன வங்கி குழு , குழு தலை ஆஃப் நிறுவன வங்கி , குழு தலை , நிறுவன வங்கி , தலைமை முதலீடு மூலோபாயவாதி , கூட்டு இடைக்கால , அமித் சீன்ஹா ,