Singapore-based investment firm Temasek Holdings, a backer of Indian unicorns including Open, ShareChat, upGrad, and Shiprocket, is in talks to invest in VVDN Technologies, a global provider of engineering, manufacturing, and digital services and solutions, DealStreetAsia has learnt.
While the amount that Temasek is looking to inject into the Gurugram-headquartered company is not known, total financing in the current round may surpass the Rs 250-crore round raised by VVDN from India Business Excellence Fund – III, a fund managed by Motilal Oswal Private Equity (MOPE), in 2019. The company is also backed by Japan’s Napino Auto.