Singapore’s EDBI scouts for start-up targets in India and China

EDBI, the investment arm of the Singapore’s Economic Development Board, is looking to make a foray into India’s startup scene at the same time as expanding its presence in China. And although EDBI prefers to be a direct investor in growth-stage companies, the asset owner sees strong advantages in venturing into new markets via fund-of-funds managers, Basil Lui, managing partner and investments head for healthcare and emerging technology at EDBI, said on stage at AsianInvestor’s 12…