By Jon Lees
Singapore: Just seven months after buying his first racehorse, tech entrepreneur Kuldeep Singh Rajput is on the way to establishing a global string with expansion into Europe next on his radar.
As an indicator of the level he is aiming to reach, Rajput last month paid £500,000 for a Kingman half-brother to last year’s German Oaks winner Miss Yoda at the Arqana Breeze-up held in Doncaster.
The two-year-old colt will be the first purchase by the 29-year-old Singh to go into training in Britain, adding a new arm to his Gandharvi Racing operation that already has branches in Singapore, Australia and the US.
“I was impressed with the way he breezed, the way he walked and really liked him,” said Rajput. “That was a good opportunity to get into the UK and European racing scene. We have been in discussions on who the trainer will be but should have that figured out in the next few weeks. It will probably be in Britain.”
Rajput’s interest in horse racing developed during his childhood in India, when he set his heart on one day having his own team of racehorses. Having moved to Boston, where he attended university, he set up his first company and after selling the business, enrolled at Johns Hopkins University to do his PhD.
When his professor left, Rajput followed him to Singapore where in 2015 he established his own digital therapeutics company Biofourmis, which uses wearable technology to manage patients remotely at home. It has close to 500 employees with offices in Singapore, Boston, Zurich and India.
“Horse racing has long been a passion but until now it hasn’t been the right time for me because I was growing the company, growing the business,” said Rajput. “I always wanted to have my own horses and last year I thought the time was right so last November I got my first horse in Singapore.”
Since six-year-old Muraahib became his first acquisition, Rajput has been on a spending spree that has secured 20 yearlings and two-year-olds. All were bought for six figures with the most expensive a Snitzel colt who cost A$1.15 million (£630,000) and will go into training with Ciaron Maher and David Eustace.
“From January I bought eleven in Australia, six in Singapore and two in the US,” said Rajput. “I primarily work with Ciaron Maher in Australia, Michael Clements in Singapore and Todd Pletcher in the US. I have also been involved with other trainers in Australia like Chris Waller.
“Most of the horses are yearlings and two-year-olds so hopefully by the end of the year we will have horses race on track. They are by very good stallions, bought with the potential to race at Group level, hopefully with a big day in them, so they can retire as stallions.
“As we scale the plan is to build this into a big thoroughbred operation. I am not desperate to keep buying horses but I want to buy the right horses, so if there is an opportunity to get something which meets our goal we would certainly consider it.”