USA > US based ClassPass raises $85 million in VC financing led by Singapore’s Temasek and Connecticut, USA based PE firm L Catterton’s Growth Fund

classpass logo Focusing on expansion, ClassPass has raised $85 million in the latest funding round. ClassPass aims to expand to 10 new American cities and 20 new countries by the end of 2019. The funds were raised in series D venture capital financing that was led by Singapore-based investment company Temasek, with participation from Connecticut-based private equity firm L Catterton’s Growth Fund, More …

INDIA > Singapore’s Ascendas-Singbridge Buys 16 Acre Land in Pune Kharadi Locality for Rs 200 Crore (US $31.4 million)

ascendas-singbridge Singapore based, Ascendas- Singbridge Group, jointly owned by Temasek Holdings and JTC Corporation (51:49) is planning to build an IT SEZ (Special Economic Zone) park. It has therefore bought a 16 acre land parcel that has a potential of over 3 million square feet commercial space for Rs 200 crore. Ascendas-Singbridge Group has two more IT park in Pune namely: More …

USA > Temasek to invest $800M in Verily Life Sciences

Verily_Life_Sciences.svg Singapore based investment company-Temasek to invest $800Mn in Verily Life Sciences. With the investment Temasek will have a minority stake in the company. This investment by Temasek will help Verily to commercialize and expand its healthcare solutions globally. Also in the deal is a condition that lets Temasek nominate director to the operating board in Verily.   About Verily Life More …

SINGAPORE > Alibaba to invest $1 billion in Singapore based Lazada Group

library_logos_alibabaev_large China based Alibaba Group Holding Ltd. to invest $1bn for control of Lazada Group. Alibaba will pay $500m for new shares and purchase an equal amount from existing investors. Investors selling their share include Germany’s Rocket Internet, British supermarket chain Tesco and Swedish investment company Kinnevik. With the investment, Alibaba will add operations in 6 Southeast Asian markets – Indonesia, Malaysia, Philippines, Singapore, Thailand More …