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Singapore's GIC makes a strong comeback into desi startup market


Singapore’s GIC makes a strong comeback into desi startup market
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Singapore’s GIC makes a strong comeback into desi startup market
Rajesh Chandramouli / TNN / Jul 16, 2021, 04:00 IST
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Chennai: GIC of Singapore, the early backers of Indian companies is making a strong comeback into Indian startup space, writing cheques at a rapid pace, indicating its renewed interest in the Indian story.
For 20 months between January 2019 and October 2020, the sovereign investor from Singapore was dormant with no investments, new or follow on.
However, since October last year, when it signed a $100 million cheque for Razor Pay, it has been galloping ahead. And in the past 90 days five investments, of which three new and two follow on have been concluded. ....

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