Although valuations have fallen significantly, investor interest in injecting capital into Indian start-ups remains subdued, says Chua Kee Lock, group president and chief executive officer of Vertex Venture Holdings Ltd, Singapore’s largest venture capital (VC) firm with $1 billion under active management. Vertex is the venture capital (VC) arm of Singapore’s state-run investment firm Temasek Holdings Pte. Ltd. Global investors who had missed the China bus rushed to India, and were partly to blame for the sky-high valuations that start-ups once commanded, Chua said in an interview. Edited excerpts:
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