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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Temasek is largely considered a sovereign wealth fund because it is set up by the Singapore government and invests in other companies. However, a few factors set it apart from other state investors.
Last month, we reported on Singapore’s Temasek entering a deal to buy partial stakes of Pune-based cloud kitchen company Rebel Foods. The latter had announced a $210 million funding round. In our story, we described Temasek as Singapore’s “sovereign wealth fund”.
However, once the story was published, a reader pointed out that Temasek isn’t exactly a sovereign wealth fund. We take our readers seriously. So, while we were confident about our description of the fund, we realized that the question of whether it is a sovereign wealth fund in the truest sense of the word deserves a detailed answer.
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