Temasek to invest $40m in Indian analytics firm

Singapore’s wealth fund Temasek Holdings is in talks with Manthan Systems, and plans to invest around $40 million in the Bangalore-based analytics and Big Data firm, DEALSTREETASIA has learnt.

Manthan, which has been operating for a decade, says its solutions help companies address analytics needs across the entire decision-making and action life cycle process. Its clients include McDonald’s, Game Group PLC, Abenson, Ecco, AdvanceRetail, Haggen, Kitchen Collection and Loblaw. The Bangalore-based firm also has offices in Singapore, Brazil, US, the UK and Philippines.

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