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$500M Growth Fund for Early-Stage Startups Launched by DBS and Temasek for China, India, SE Asia Singapore-based DBS Bank Ltd (SGX:D05), a multinational banking and financial services corporation with over $330 billion in assets, and Temasek have entered into an agreement to introduce a $500 million growth or early-stage debt financing platform, known as EvolutionX Debt Capital. Based in Singapore, EvolutionX will be offering non-dilutive financing to early or growth-stage tech-focused firms based in Asia, with a key focus on China, India, as well as the fast-evolving Southeast Asia region. EvolutionX will bring together Temasek’s investment expertise and experience along with DBS’ international banking networks in order to support the fast-growing Asian tech ecosystem.

Tsu shanAmit sinhaAftab mathurInstitutional banking groupBank ltdGroup head of institutional bankingGroup head of telecomsEvolutionx debtSoutheast asiaJoint interim chief executives amit sinhaGroup headInstitutional bankingசு ஷான்அமித் சீன்ஹாநிறுவன வங்கி குழுவங்கி லிமிடெட்