Singtel to invest $100 million more in tech startups through corporate venture arm

NEW DELHI: Singtel Tuesday said it will invest an additional $100 million into its corporate venture arm, Singtel Innov8, raising its total capital commitment to $350 million.

With the capital injection, Innov8 will further expand its portfolio of investments in Southeast Asia, the United States, China, Israel, and Australia, as per an official statement.

The corporate arm invests in technology startups that align with the Singtel Group businesses in the areas of 5G, Artificial Intelligence, the digital economy, sustainability, cyber security, and emerging technologies.