Venture Intelligence (TSJ Media Pvt. Ltd.)
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Germany's KfW to invest $18-M in Vertex Ventures' $500-M India, SEA Fund
DEG, the investment arm of German state-owned development bank KfW, will invest USD 18 million in venture capital firm Vertex Ventures' USD 500 million SEA and India Fund V. The fund will largely be used to fuel ‘innovative technology companies within traditional industries' to support sector development and improve resource utilisation. The fund is reported to have already secured commitments worth USD 300-400 million including USD 100 million as anchor investment from Vertex' parent, Singapore government owned Temasek. The VC firm's current India portfolio includes D2C meat and seafood unicorn Licious, two-wheeler marketplace BeepKart, fintech platform Kissht, and audio streaming major Kuku FM.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.