Asia fund

Temasek-backed Vertex raises $230 mln for new Southeast Asia fund

Stock Markets12 minutes ago (May 16, 2019 15:20)

 

© Reuters. Temasek-backed Vertex raises $230 mln for new Southeast Asia fund

SINGAPORE, May 16 (Reuters) - Vertex (NASDAQ:VRTX) Ventures, backed by Singapore state investor Temasek TEM.UL , said it has raised $230 million in the first close of its latest fund to invest in Southeast Asian and Indian technology start-ups.

The firm was an early investor in ride-hailing giant Grab. Its portfolio includes payments start-up InstaReM, online grocery platform HappyFresh and cryptocurrency exchange Binance.

Vertex expects a final close for the fund, its fourth for the region, over the next few months, it said in a statement.

It plans to continue its strategy of investing in early-stage technology companies in Southeast Asia and India across enterprise technology, financial technology and consumer internet.

The combined Vertex Ventures Southeast Asia and India team operates out of three main offices in Singapore, Bangalore, and Jakarta.

Stocks list

ASIA FUND

	Name	Last	High	Low	Chg.	Chg. %	Vol.	Time
	Asian Paints	1,308.10	1,314.00	1,294.50	+0.95	+0.07%	26.50K	15:29:42
	AXIS Bank	732.50	735.80	719.70	+11.25	+1.56%	190.99K	15:29:40
	Bajaj Auto	2,943.20	2,959.95	2,911.35	+26.75	+0.92%	21.62K	15:29:25
	Bajaj Finance	3,130.00	3,130.00	3,006.50	+127.45	+4.24%	338.98K	15:29:39
	Bharti Airtel	324.80	333.15	321.55	-6.20	-1.87%	152.55K	15:29:38
	Coal India	233.15	236.85	229.85	-2.45	-1.04%	118.48K	15:29:32
	HCL Tech	1,073.00	1,080.00	1,056.75	+5.05	+0.47%	20.07K	15:29:09
	HDFC Bank	2,315.00	2,322.75	2,280.00	+26.10	+1.14%	45.04K	15:29:36
	Hero MotoCorp	2,527.70	2,535.00	2,490.05	+31.30	+1.25%	7.23K	15:29:39
	Hindustan Unilever	1,689.15	1,698.30	1,672.00	+18.15	+1.09%	70.63K	15:29:12
	Housing Development Finance	1,943.55	1,953.15	1,924.00	-1.10	-0.06%	86.20K	15:29:32
	ICICI Bank	383.75	385.00	377.50	+6.70	+1.78%	645.31K	15:29:33
	IndusInd Bank	1,355.50	1,382.00	1,348.45	-22.60	-1.64%	159.82K	15:29:40
	Infosys	736.00	736.75	716.75	+19.50	+2.72%	424.78K	15:29:38
	ITC	295.10	299.00	293.25	-2.00	-0.67%	403.35K	15:29:10
	Kotak Mahindra Bank	1,417.75	1,422.60	1,378.95	+21.00	+1.50%	62.16K	15:29:43
	Larsen & Toubro	1,346.00	1,346.00	1,308.80	+20.10	+1.52%	86.22K	15:29:26
	Mahindra & Mahindra	608.10	612.65	598.00	-2.55	-0.42%	234.67K	15:29:31
	Maruti Suzuki	6,477.85	6,530.00	6,445.00	-7.10	-0.11%	38.92K	15:29:36
	NTPC	127.00	127.00	123.50	+3.15	+2.54%	180.08K	15:29:40
	Oil & Natural Gas	166.05	167.00	162.10	+3.40	+2.09%	164.08K	15:29:36
	Power Grid	181.40	182.65	178.85	+2.60	+1.45%	276.75K	15:29:27
	Reliance Industries	1,266.00	1,270.35	1,257.75	+8.75	+0.70%	441.13K	15:29:39
	SBI	315.70	316.85	309.50	+4.10	+1.32%	903.82K	15:29:39
	Sun Pharma	411.75	418.00	379.50	+2.80	+0.68%	1.61M	15:29:38
	Tata Consultancy	2,114.20	2,123.40	2,078.05	+19.70	+0.94%	85.15K	15:29:33
	Tata Motors	175.15	177.40	172.80	+5.55	+3.27%	1.54M	15:29:40
	Tata Motors DV Ltd	82.80	84.35	81.75	+1.95	+2.41%	249.96K	15:29:39
	Tata Steel Ltd	468.40	471.50	455.50	+5.20	+1.12%	728.63K	15:29:39
	Vedanta	163.00	163.60	159.00	+3.40	+2.13%	448.10K	15:29:34
	Yes Bank	138.00	146.00	135.00	-5.65	-3.93%	6.45M	15:29:39