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Bain Capital set to focus on late-stage tech deals in India
Mint Mumbai
|November 27, 2023
The firm expects to widen the scope of its investments in India over the next few years
Boston-based private equity firm Bain Capital, which has over $160 billion of assets under management, may spend more time looking at late-stage tech deals next year in India, as the opportunities in the segment widen for traditional private equity firms, a top executive said.
The PE firm closed a $7.1 billion fifth Asian fund last week, up from $4.5 billion which it raised for its fourth Asia fund. It expects to widen the scope of its investments in India over the next few years, including in newer sectors.
A lot of startups have historically been backed by venture capital firms in India and globally. But private equity firms may find opportunities in this segment in India, going forward, Pavninder Singh, a partner said.
This story is from the November 27, 2023 edition of Mint Mumbai.
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