Singapore state investment firm Temasek and its wholly owned unit Seviora have partnered to jointly invest in late venture and early growth agri-food companies in Asia Pacific, Seviora said in a statement on Friday.
Both parties had raised $173 million in total via Seviora's "T3F Strategy", which included investment from Japan's Norinchukin Bank and other institutional investors, Seviora said in the statement.
Seviora, which manages $52 billion in assets, said it expects to raise more capital for the strategy that invests in "compelling, innovative and high-growth" agri-food companies in the region.
It had made a $17 million investment in India's Country Delight, an online food essentials delivery brand, in January under the strategy, according to the statement.
