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Sovereign Wealth Funds Briefing - Categorized | Investment

Singapore’s GIC leads $170 mln investment in Brazil’s Netshoes

Posted on 08 May 2014

Brazilian online sports goods retailer Netshoes has received a new round of $170 million investment led by Singapore’s sovereign wealth fund GIC. Other investors include Tiger Global Management, Singapore state investor Temasek Holdings, Iconiq Capital and Kaszek Ventures, GIC said in a statement.
Netshoes is the largest pure play e-commerce company for sporting goods in the world with a presence in Brazil, Argentina, and Mexico, GIC said………………………………………..Full Article: Source


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