Singapore’s state-owned investment fund, Temasek, is planning to invest an additional $3–4 billion in India during 2025–26. Temasek earlier reported that it will invest $10 billion in India over a period of three years in 2023. Over $6 billion has already been deployed.
Temasek India’s head, Vishesh Shrivastav, said they have a host of excellent deals in the pipeline this year too. However, all deals may not be closed because of tough competition.
Big India Growth Money
Temasek’s investments in India have grown exponentially. It was $35 billion last year. Now it’s $50 billion. The increase shows that Temasek has confidence in India’s potential. According to the company, India is considered the most attractive market in the world.
Temasek’s Indian companies will also be listing their shares for public sale soon. But they did not specify which companies these are.
Focus on New Industries
Temasek wants to invest in sectors such as digitisation, healthy living, extending individual lifespans, and promoting clean lifestyles. Now it is also targeting foodtech, AI ventures, and new factories.
Temasek has already invested in renowned Indian startups like Lenskart, Rebel Foods, upGrad, and Ola Electric. Recently, it acquired a 9-10% stake in Haldiram Bhujia, which values the company at $10 billion.
Notable Exits so far
PB Fintech (Policybazaar)
- Sold a 5.42% stake for ₹2,425 crore (~$290 Mn) via a block deal on BSE.
- The investment yielded an estimated internal rate of return of 40%.
Manipal Hospitals
- The company made a partial exit by selling a minority stake to investors such as Mubadala, Novo Holdings, and CalPERS.
- While the exact amount isn’t disclosed, the partial exit fetched hundreds of millions of dollars, retaining a controlling stake.
Zomato
- Zomato gradually reduced its stake post-IPO from its peak shareholding of 6% in 2022.
Addressing Greater Competition
Temasek has tough competition from India’s funds, such as GIC (another Singaporean fund), SoftBank, Tiger Global, and big private equity firms. They are all keen on investing in India’s rising startups and businesses.
So, the best deals are not straightforward to find. But Temasek promises that it is ready for this battle.
