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Temasek backs future funds of impact investor LeapFrog with $500 mn

In India, LeapFrog has so far deployed capital across nine companies

Temasek
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The firm said it would continue to make private equity investments in financial services and health care businesses across India

Samreen Ahmad Bengaluru
Temasek, a global investment company owned by the Singapore government, has committed to investing $500 million in future funds of impact investor LeapFrog Investments. As part of the strategic partnership, Temasek will take a minority stake in LeapFrog and provide growth capital to support its expansion and investment capabilities across Asia and Africa.

“We plan to accelerate our investments in India, investing even more capital over the medium term,” Andrew Kuper, founder and CEO of LeapFrog Investments, told Business Standard. “Our team is actively looking for strong purpose-driven companies to invest in -- be it in insurance, savings, pensions, payments, credit,

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