US-based PE firm Silver Lake bets big on India story

Photo: Reuters

A flurry of mega deals could see American technology investor Silver Lake upstage Japan’s SoftBank as the most prolific technology investor in India, said industry experts.

Silver Lake has committed $2.85 billion in India in just over three months, highlighting the company’s appetite to write large cheques. Key among those were a $1 billion investment in the retail arm of Reliance Industries Ltd and leading a $500 million investment round in Byju’s, which vaulted the ed-tech unicorn’s overall valuation to $10.8 billion.

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