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【Temasek's Bold $10 Billion Investment in India: A Strategic Move Amid China Slowdown】 In a significant shift highlighting India's burgeoning appeal on the global investment stage, Singapore’s sovereign wealth fund, Temasek Holdings, has unveiled plans to invest $10 billion in India over the next three years. This substantial investment coincides with a period of underperformance in Chinese markets, underscoring India's emerging status as a critical market for Temasek, ranking alongside the United States as one of its top two preferred destinations for investment. Temasek's commitment to India is not new. Over the past two decades, the firm has invested approximately $37 billion in the country. As of 2023, India constitutes 7% of Temasek’s global portfolio by underlying assets, a notable increase from 4% in 2020. In 2023 alone, Temasek invested a record $3 billion in India. Temasek’s strategy is driven by a keen understanding of India's unique market dynamics: "India has always commanded a premium due to its growth potential. By identifying and investing in the right businesses, we have consistently achieved returns that justify the higher valuations." "The capital markets and deal sizes in India have been steadily increasing, thanks to the expanding and maturing financial markets. The current high valuations are justified by the potential for above-average returns." Temasek’s investment strategy in India is centered on several critical sectors, including technology, financial services, healthcare, and consumer goods. A prime example of this is their healthcare investments. Case Study: Manipal Health Enterprises Temasek’s healthcare portfolio, Sheares Healthcare Group, recently invested nearly $2 billion in Manipal Health Enterprises Pvt. Ltd., a leading multi-speciality hospital operator in India. This investment secured a 59% stake (an additional 41%) at a valuation of $4.9 billion. The valuation is supported by Manipal’s strong financial performance: 1. Revenue of approximately $488 million. 2. An EBITDA margin of 24% for FY 2023. 3. Millions of patients as loyal customers. 4. Significant potential for free cash flow generation. Following this investment, Temasek sold an 8% stake to Abu Dhabi’s sovereign wealth fund, Mubadala, while retaining a majority share. This move underscores the successful and foresightful nature of their investment strategy. Temasek’s increasing investment in India reaffirms the country's status as a pivotal destination for global investors. As someone closely monitoring these developments, it's evident that India’s market offers tremendous opportunities. Temasek’s commitment only strengthens this outlook, marking India as a strategic hub for future investments.

Celebrating a Successful Seminar on Startups' Challenges in Entering Southeast Asia and Signing an MOU with JSIP 🙌 On July 31, #OISTInnovation hosted a seminar on the challenges faced by startups entering the Southeast Asia market, inviting three speakers from Singapore and filling the venue to capacity with 60 people in attendance.    In the first session, Professor Ishtiaq Pasha MAHMOOD from the National University of Singapore gave a lecture on "Winning strategy for emerging Asia." 👑 He emphasized the importance of localizing products and services to meet the diverse needs of customers in Southeast Asia.    In the second session, Mr. Yusuke Tsuji (Executive Office, ICMG Group) and Mr. Takaki Nakamura (Co-founder, Cross Capital) from Japan Southeast Asia Innovation Platform (JSIP) presented the "Forefront of innovation in Southeast Asia." They provided an in-depth overview of the evolution of the startup scene in Southeast Asia, the current dynamics, and examples of successful startups.    During the networking session, startups and supporting organizations interested in expanding into Southeast Asia engaged in lively discussions. ☕   We topped off the event by announcing an MOU between the Okinawa Institute of Science and Technology and Japan Southeast Asia Innovation Platform (JSIP). 🤝 Under this MOU, JSIP will assist OIST-affiliated startups in entering the Southeast Asian market. Located at the southernmost point of Japan, Okinawa has great potential as a #gateway to Southeast Asia. Through this new partnership with JSIP, #OIST aims to strengthen support for startups looking to expand from #Okinawa to the World. 🌏 Gil Granot-Mayer | Anna Nagamine | Miki Takashina | Akiko Ishibashi

T-Hub recently had the pleasure of hosting delegations from Japan Railways (JR Kyushu) Company and ICMG Group Singapore. This visit showcased T-Hub’s commitment to fostering global innovation and building strong international partnerships. JR Kyushu Railway Company, a leading Japanese transportation firm, and ICMG Singapore, a renowned management consulting firm, explored T-Hub’s dynamic startup ecosystem. The discussions provided an in-depth overview of T-Hub’s strategic initiatives, current projects, and key partnerships, highlighting diverse opportunities within our network. The visit emphasised the potential for future collaborations, aiming to leverage the strengths of JR Kyushu and ICMG Singapore to drive mutual growth and innovation. The collaboration aligns with T-Hub’s mission to foster global innovation and entrepreneurship, and we look forward to creating impactful partnerships that will propel the innovation ecosystem forward. To know more about how T-Bridge, the international arm of T-Hub, is bridging partnerships across borders, visit https://lnkd.in/g4Cf5vEd Sujit Jagirdar | Priyanka Ravala | Setu Sharma | Preethi Madda | Jahnavi Vantaram #InnovationEcosystem #InnovatewithTHub #TBridge #Singapore #India #Japan #Entrepreneurship

Congratulations to ApnaKlub on their outstanding achievement! Their innovative Glenzo Ghat Cleaning Activity, recognized with the Bronze Award at OOH 2024, is a testament to their impactful and community-focused efforts. Keep up the excellent work!

We are thrilled to announce that our portfolio startup, Anveshan will be featured in Season 2 of Disney+ Hotstar's documentary series "Brands of Tomorrow." This prestigious series showcases innovative and socially conscious brands, highlighting their journeys and contributions to their industries. Anveshan's commitment to empowering farmers, ensuring transparency, and providing healthy, minimally processed organic foods aligns perfectly with the show's mission. We are excited to see their story and achievements recognized on such a prominent platform.

🤖💡 A*STAR's Institute for Infocomm Research (I²R) has officially signed a Memorandum of Understanding with ICMG Group, marking the start of a dynamic collaboration in the areas of #robotics and #artificialintelligence , notably for smart cities. 🌇   Through ICMG Group, A*STAR's I²R will be exploring opportunities with their Japanese collaborators in the research and development of cutting-edge technologies for the cities of tomorrow! This partnership capitalises on ICMG Group’s extensive network, consultancy experiences and A*STAR's I²R’s expertise in robotics and artificial intelligence, to develop groundbreaking solutions that not only enhances the quality of lives but also shapes the future of smart cities. Stay tuned for more updates and groundbreaking discoveries from this partnership! ##I2R,#ICMG, #TransformingLivesInDigitalWorld #ResearchCollaboration #AI #Robotics #SmartCities #Innovation

【Startup × Corporate Case: Softbank (PayPay) & Paytm】 Japan’s SoftBank has invested $11Bn in Indian startups from November 2018, through SoftBank Investment Advisers. This has been in renowned names such as Paytm, Delhivery, Lenskart, Meesho, PolicyBazaar, OfBusiness, and others. Moreover it has already recorded exits of about$6.2Bn over the past 5 years, with 4 IPOs(including Paytm) in 2023 itself and 3 new IPOs - Swiggy, FirstCry, and Ola, geared for 2024. One of its marquee investments was in Paytm with a cumulative investment of $1.4Bn in 2017. In a statement issued in early 2018, Softbank had said that cash still was the mainstream payment methodology in Japan with the cashless payment remaining at just 20 percent. It added that the Japanese government was taking measures to raise the cashless payment ratio to 40 percent by 2025, with a long-term goal of 80 percent. SoftBank set out to change this, by introducing a cashless payment system that was ubiquitous and easy to use, just like the cash in your hands. At that time, SoftBank also held a sizable stake in Yahoo! Japan, which ran its own Yahoo! Japan wallet even during 2018. However, at that time, the smartphone payment settlement service involved the user showing a barcode to the store staff, who then proceeded to scan the code, requiring a handheld barcode reader in the store. This is where SoftBank, which has been continuously leveraging its global late-stage tech investments, came in with a technological partnership with its portfolio company Paytm. The partnership with a portfolio company that SoftBank had been working with for some time, and knew from the inside out alleviated the risk it was bearing by relying on Paytm for the tech-stack. Together, the three companies developed PayPay, a payment platform which allowed users to scan QR codes in shops to make payments. The team which comprised of members from India, Japan, and Canada, launched the product in 3 months from the ideation to the launch! There is a common saying in India - ‘If you can drive in India, you can drive anywhere in the world’. This is because India’s roads are challenging and dynamic to say the least. Similarly, PayPay leveraged Paytm’s reliable digital and security infrastructure, which had been battle-tested in the challenging digital landscape of India. It showed how technology that can survive in India, can survive anywhere in the world! #CoCreation #Case #Startup