Emerging themes are cyber security, blockchain, SaaS businesses, start-up ecosystem: Ravi Lambah

Emerging themes are cyber security, blockchain, SaaS businesses, start-up ecosystem: Ravi Lambah

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KEY HIGHLIGHTS

  • Temasek has invested in Indian Banks for the last two decades and views the sector as a proxy to economic growth.
  • We see demand for loan and credit growth picking up for banks and will remain invested in financial services
Mumbai: Ravi Lambah, head, of investment group; head, India at Temasek said that the major themes that the group is betting on this year include sustainability, digitalisation and consumption. “We will remain invested in companies that continue to hold value and want to promote good governance as we put capital to work. Blockchain will slowly come in many industries, we see a lot of value here.”
Temasek, which deployed over $1 billion in India last year and counts new-age businesses such as PharmEasy, Licious and financials like Axis Bank and AU Small Finance in its portfolio, said that they continue to remain positive on India for the long term. “The India portfolio has grown from $9 bn to $16 bn over the last 5 years. Last year alone saw $1 bn worth of investments in India.” Undeterred by high inflation, Lambah said that inflation is a short-term concern for India and will not deter investment activity.
With investments in new-age tech like Zomato, Policy Bazaar, Ola & CarTrade- Lambah believes that tech valuations have corrected, which was bound to happen. “We will remain invested in companies that continue to hold value. We want to promote good governance as we put capital to work and help companies with high costs manage costs to drive towards profitability.”

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Temasek has invested in Indian Banks for the last two decades and views the sector as a proxy for economic growth. “Banks are in a much better position since pre-COVID. We see demand for loans and credit growth picking up for banks and will remain invested in financial services. The insurance sector is also an opportunity along with digital financial payments and wealth management.”

“Agri and Agri-tech remain a key focus area with deals like Rivulis and Impossible Foods. We see opportunities with marginal farmers with land holdings where tech can help. We recently invested in Country Delight and Licious in agri-tech. ESG is core to our business, we have JVs with different companies in ESG and are focused on investments that are ESG compliant,” says Lambah. Temasek is also investing in funds focused on blockchain saying that blockchain will slowly come in many industries.

Lambah mentioned that hospitals look attractive and many investments have been made in the sector with healthcare platform Sheares including investments in e-pharmacy, hospitals and pharma companies. “Emerging themes are cyber security, blockchain, SaaS businesses, start-up ecosystem. We are at the beginning of an exciting phase for innovation and tech in start-ups. We are also growing investments in the consumer sector, Agri sectors.”

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