Bahrain-based Investcorp aims to more than double its private equity investments in India over the next few years and is currently looking to raise new capital for online retailer FreshToHome, in which it invested last year, an executive said.
Investcorp is currently managing around $300 million of private equity investments in India, a large majority of which was made over the past 18 months, said Gaurav Sharma, head of private equity at Investcorp India.
The firm, which focuses on private equity, real estate, credit management and absolute return investments, plans to more than double that amount as it seeks to capitalise on India’s digitalisation drive, accelerated by the COVID-19 pandemic. “I would say in the next three to four years we would want to more than double assets under management and invest close to $400-500 million at least in India”, Sharma told Reuters.
Read more/Source: Reuters
