ChrysCapital's biggest fund sparks India rush

Firm has raised $2.2 bn, added 30 new global, local firms to investor base

- Sneha Shah

Homegrown private equity firm ChrysCapital that has just raised its largest Indiafocused fund of $2.2 billion said that nearly half of it will go towards seeking buyout opportunities. With the latest corpus, ChrysCapital has added more than 30 new global and local firms to its investor base.

"Almost half of what we now invest is towards buyout opportunities. That is a function of how the market has developed in the last few years," Kunal Shroff, managing partner, ChrysCapital, said in an interview with Mint. The firm has also bulked up its expertise internally by hiring and bringing on board veterans with operating experience to be able to manage these controlled bets.

The firm will double down on opportunities across consumer, healthcare, financial services, enterprise tech and manufacturing sectors. "We are warming up to how we can do scale manufacturing bets and invest behind companies that are catering to the world."