Temasek bullish on Indian start-ups, renew energy despite slowdown overseas

Top executives of Temasek, which has doubled its India portfolio in the past five years to $16 billion, said the fund made several successful exits from India in FY 22

One of the world’s biggest investors, Temasek, will continue to look for investment opportunities in Indian start-ups and renewable energy sector despite a deterioration in the global economic outlook.

Top executives of the Singapore state-owned fund, which has doubled its India portfolio in the past five years to $16 billion, said the fund made several successful exits from India in the financial year ended March 2022 with the listing of several tech-led companies like PolicyBazaar and with strategic sale.

“In the long term, we are optimistic about India, which is the fastest-growing in Temasek’s portfolio due to its huge