Gic

GIC Pte. Ltd. is a sovereign wealth fund wholly owned by the Government of Singapore, established in 1981 to manage the country’s foreign reserves. The firm focuses on securing Singapore's financial future by investing across a diverse range of asset classes in both public and private markets. Its investment strategy includes public and private equity, with particular emphasis on health care, financial services, natural resources, real estate, and fixed income, as well as alternative markets such as foreign exchange and commodities. GIC also engages in venture capital, providing seed capital to start-ups and growth companies. The organization operates through subsidiaries that specialize in various investment categories and maintains a global presence with offices in key financial centers around the world. GIC aims to achieve sustainable long-term returns above global inflation, thereby fulfilling its responsibility to preserve and enhance Singapore's financial reserves for future generations.

Igor Baskin

Vice President

Ethel Chen

SVP, Venture Capital and Technology Investing

Jeremy Kranz

Managing Partner and Founder

Chow Kiat Lim

CEO and Founder

Henry Ormond

Head of Europe, Private Equity

Krish Parikh

Vice President

Sam Rosen

Investor

Kok Sun Lee

Chief Investment Officer

Past deals in Series G

Databricks

Series G in 2021
Databricks Inc. offers a unified data analytics cloud platform focused on simplifying data engineering and collaborative data science. The company's platform facilitates data integration, real-time experimentation, and the deployment of production applications for developers and data scientists. Key products include Databricks, a cloud-based data processing solution, Databricks Delta for unified data management, MLflow for managing the machine learning lifecycle, and Delta Lake for handling batch and streaming data. Databricks serves a diverse range of industries, including advertising, healthcare, financial services, and manufacturing. The company, founded in 2013 and headquartered in San Francisco with additional offices in London, Amsterdam, and Bengaluru, has formed strategic partnerships with various technology firms. Additionally, Databricks Ventures invests in companies that align with its vision for data, analytics, and artificial intelligence, particularly through initiatives like the Lakehouse Fund, which supports the development of the lakehouse architecture.

Nubank

Series G in 2021
Nubank issues, administrate, processes, and transfers payments related to post-paid credit cards and equity investment in other entities. It serves clients in Brazil. The company launched its proprietary loyalty rewards program ("Nubank Rewards"), as well as a digital account ("NuConta") that is already used by more than 17 million people. In Cristina Junqueira, David Velez, and Edward Wible founded EO2 Solucoes de Pagamento on May 6, 2013 that became Nubank in on June 25, 2013. It has its headquarters in São Paulo in Brazil.

Bukalapak

Series G in 2020
PT Bukalapak operates an online e-commerce platform in Indonesia, offering a diverse range of consumer products, including electronics, household appliances, automotive parts, cosmetics, and apparel. Founded in 2011 and headquartered in Jakarta, the platform facilitates easy shopping through various categories, ensuring consumers can access a wide variety of commercial and personal items. Bukalapak emphasizes customer convenience with features such as easy returns and multiple payment options, including cash on delivery and credit or debit card transactions. In addition to physical goods, the company also provides virtual financial products, enhancing its overall service offering in the Indonesian market.

Yuanfudao

Series G in 2020
Founded in 2012, Yuanfudao is the largest online live courseplatform servicing primary and secondary school students in China. With a paying userbase of over 1 million, Yuanfudao offers a comprehensive curriculum spanning fromprimary school English, Mathematical Olympiad to all-subject courses in secondaryschool. Its unique online feature and large pool of quality teachers enable students toaccess live online tutoring at home taught by national renowned teachers, benefitinghundreds of thousands of students across the country.

Affirm

Series G in 2020
Affirm is a financial technology company that offers installment loans to consumers at the point of sale, allowing them to make purchases from online merchants and pay for them in fixed monthly installments. Founded in 2012 and headquartered in San Francisco, with an additional office in Chicago, Affirm aims to provide transparent financial products that empower consumers and enhance their buying experience. Customers can select Affirm as a payment method at checkout, complete a real-time application, and choose a payment plan that aligns with their budget. The service stands out by offering upfront pricing with no hidden fees or compounding interest, unlike traditional credit options. Affirm partners with over 2,000 merchants across various sectors, including retail, travel, and electronics, to provide consumers with a flexible alternative to credit cards. Loans are facilitated through a partnership with Cross River Bank, ensuring a reliable financing option for users.

Woowa Bros

Series G in 2018
WOOWA BROS (우아한형제들) is a Korean developer of smartphone applications and advertising platforms. Its service portfolio also includes local marketing and web services solutions and products, such as a sports events app and a food delivery app. WOOWA BROS was established in March 2011 in Seoul, Korea.

Flipkart

Series G in 2014
Flipkart Internet Private Limited is an e-commerce marketplace based in Bengaluru, India, founded in 2007. The platform offers over 30 million products across more than 70 categories, including electronics, apparel, home furnishings, beauty and personal care, books, and baby products. It caters to a diverse customer base, serving women, men, and children. Flipkart has built a significant user base, with 75 million registered users and over 10 million daily visits. The company efficiently manages logistics, delivering approximately 8 million shipments per month. Initially known as Flipkart Marketplace Private Limited, it rebranded in 2012 and operates as a subsidiary of Flipkart Private Limited. Flipkart was acquired by Walmart in 2018, further enhancing its market presence in the Indian e-commerce sector.
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