The venture capital arm of Singapore’s Temasek Holdings Pte. is shifting its focus in India to software makers that service small and medium businesses, as it sees the e-commerce sector becoming “overheated” with funds rushing to invest in unprofitable companies.
Vertex Venture Holdings Ltd., a unit of the Singapore state investment company, is hunting for startups making cheap software for the nation’s hordes of small businesses that could range from a supply chain app to a payroll processing system, said Ben Mathias, its managing director for India.
In the rush to fund mobile phone-based startups that target consumers, investors have “largely ignored” enterprise software, Bengaluru-based Mathias, who was appointed Vertex’s first managing director of India in October, said in a telephone interview. “Hundreds of millions of Indians are getting on the Internet, and with them, tens of millions of Indian enterprises are also getting on the Internet.”
“As small and medium enterprises use the mobile Internet more and more to drive their business, they will need to adopt cloud-based enterprise solutions,” he said, referring to the model of Internet-based computing where software and data resources are typically shared and accessed on-demand.
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Vertex Venture Holdings Ltd., a unit of the Singapore state investment company, is hunting for startups making cheap software for the nation’s hordes of small businesses that could range from a supply chain app to a payroll processing system, said Ben Mathias, its managing director for India.
In the rush to fund mobile phone-based startups that target consumers, investors have “largely ignored” enterprise software, Bengaluru-based Mathias, who was appointed Vertex’s first managing director of India in October, said in a telephone interview. “Hundreds of millions of Indians are getting on the Internet, and with them, tens of millions of Indian enterprises are also getting on the Internet.”
“As small and medium enterprises use the mobile Internet more and more to drive their business, they will need to adopt cloud-based enterprise solutions,” he said, referring to the model of Internet-based computing where software and data resources are typically shared and accessed on-demand.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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