By Shrija Agrawal
“Out of the $24 billion that came into India last year, almost two-thirds went into secondary deals.”
Caisse de dépôt et placement du Québec (CDPQ), which has been investing in India’s financial services, logistics, real estate, energy and renewable sectors, is now exploring investment opportunities in consumer and healthcare sectors.
It recently formed a JV with East Ventures and Yahoo Japan to make Series B investments.
“Overall for India, the macro is better: the rupee is more stable, the current account deficit and inflation are more under control, and the Modi effect is still there and the government is delivering. Given the size and complexity of India, it is quite remarkable as to what has already happened – the bankruptcy law, GST – these all provide positive stimulus for the industry. People are re-discovering their faith in the India story – politically, the regulatory environment and the investment opportunity,” Ralph Keitel, Regional Lead for PE funds in East Asia and Pacific, IFC, said.
“From an asset class perspective, the focus has settled on affordable housing which has got all the money that has been committed.”
The Probe Group will collectively manage over 3000 staff serving blue-chip clients.
The law firm recently combined with seven law firms globally including Indonesia and Malaysia
Venture capital firm Sapphire Ventures has previously invested in companies such as Paytm, Just Dial and Newgen Software Technologies. The company, which was once the corporate venture capital arm of enterprise software giant SAP, is currently investing out of its third fund with a corpus of $1 billion.
Go-Life is a mobile app comprising four services: Go-Massage (home spa and massage service booking), Go-Clean (house-cleaning service booking), Go-Auto (vehicle maintenance service booking), and Go-Glam (beautician booking service). Since it was launched as a separate app from Go-Jek last year, it claims to have acquired 3 million users in 25 cities across Indonesia.
It is also in talks with VCs about providing an exit route for some of their portfolio companies.