Deepti Sri · · 1 min readTemasek buys stake in Grab, Robinhood Markets, others
Singapore’s state-owned investment firm Temasek has bought stakes in consumer-focused companies including Grab and Robinhood Markets, The Straits Times reported.
The company also invested in fashion ecommerce platform Rent the Runway, restaurant payment company Toast Inc, and sports betting firm DraftKings, according to securities filings released on Monday.
Last year, Temasek’s net portfolio value hit an all-time high of US$283 million, an increase of US$55 billion from the previous year.
Meanwhile, the investment firm has sold all of its shares in Uber, Coinbase Global, and Tencent Music Entertainment Group.
Last month, Temasek acquired UK-based Element Materials Technology from Bridgepoint, a fund management firm, for an undisclosed sum.
Recently, Temasek unit Heliconia Capital led a US$7 million round in Singapore-based logistics firm Haulio. It also backed Global Processing Services in a US$400 million round.
See also: Exclusive: Indonesia’s eFishery nets $90m series C from Temasek, SoftBank, Sequoia
Editing by Miguel Cordon and Lorenzo Kyle Subido
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