homevideos Newsstartup NewsInvestcorp says demographics & digital transformation makes India a compelling market in long term
Investcorp says demographics & digital transformation makes India a compelling market in long term
Middle East’s largest alternative asset management firm- Bahrain-based Investcorp, which manages over $42 billion in assets globally, is looking to aggressively ramp up investments in India. It forayed into the alternatives investment space in India with the acquisition of IDFC Alternatives in 2019.
Middle East’s largest alternative asset management firm, Bahrain-based Investcorp, which manages over $42 billion in assets globally on Monday said demographics and digital transformation make India a compelling market in the long term.
In an exclusive interview with CNBC-TV18, Mohammed Alardhi, executive chairman of the company said, "The demographics, the digital transformation, the regulatory and political stability, makes India a very good market for us for the long term."
Investcorp has forayed into the alternative investment space in India with the acquisition of IDFC Alternatives in 2019. Since 2017, Investcorp has deployed nearly $500 million in India across private equity & real estate, of which around $260 million is across 13 private equity (PE) investments.
These PE investments include Wingreens, Bewakoof.com, Zolo, Incred, Xpressbees among others. The company hopes to double its current investment in India to $1 billion over a period of time.
Rishi Kapoor, co-CEO at Investcorp said investment strategy will closely mimic the evolution of the aspirational digitally enabled consumer in India,
"So it is not just about the latest electronic gadgets, it is also things like food, healthcare, education, all of these are areas of focus for us. So for us, consumer-based businesses, healthcare-focused businesses, financial services-related businesses, and IT/IT services businesses become the natural go-to destinations in terms of our investment strategy," Kapoor added.
Also, Kiran Vangaveti, founder & CEO of BluSapphire spoke about how the company plans to utilise its Series-A fundraising of $9.2 million. BluSapphire offers a full-stack cyber security platform, which helps automate cyber security operations.
Watch the video for more
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Lok Sabha Election Phase 2: Experts decode the key trends and issues in key battleground states
Apr 26, 2024 11:53 PM
2024 Lok Sabha Election | Which way the wind blows in the second phase
Apr 26, 2024 6:09 PM