04.11.2015 - Temasek Seeks Cloud Startups in India as E-Commerce `Overheated'
The venture capital arm of Singapore’s Temasek Holdings Pte. is shifting its focus in India to software makers that service small and medium businesses, as it sees the e-commerce sector becoming “overheated” with funds rushing to invest in unprofitable companies. Vertex Venture Holdings Ltd., a unit of the Singapore state investment company, is hunting for startups making cheap software for the nation’s hordes of small businesses that could range from a supply chain app to a payroll processing system, said Ben Mathias, its managing director for India...............................................Full Article: Source
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