SiCepat Eyes Massive Pre-IPO Funds

Summary

GIC, Singapore's sovereign wealth fund, has reportedly become a shareholder of logistics company SiCepat. A DealStreetAsia source said that GIC realized the investment through Kejora Capital.

Previously, Kejora Capital raised more than S$150 million continuation fund from GIC, which is listed as a single limited partner (LP). Various anonymous sources have revealed that there are at least three startups in Kejora Capital's portfolio, including SiCepat.

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