Investcorp will spend $400 million on Indian school infrastructure and warehouses as part of its expansion plans in the South Asian country, according to its Co-Chief Executive.
Bahrain-based Investcorp has already invested $500 million in 13 companies in India, including online retailer FreshToHome and ASG Eye Hospitals. It also has a $400 million fund for private equity investments in India, which says it has the world’s fastest-growing startup ecosystem.
It now has plans to deploy $400 million over four years on real estate in India.
The two segments it will focus on will be school infrastructure and the warehousing sector which is booming thanks to the rapid expansion of e-commerce.
Global private equity firm General Atlantic plans to plough $2 billion into India and Southeast Asia over the next two years. It is in early-stage investment talks with about 15 companies in sectors including technology, financial services, retail, and consumer.
The market for startups, especially in India, is going through a rough patch as founders struggle to attract cash.
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