May 26

General Atlantic Intends to Invest $2 Billion In India, Southeast Asia: Reuters

By Akanksha Bakshi

A senior executive at global private equity company General Atlantic told Reuters that the firm plans to invest $2 billion in India and Southeast Asia over the next two years as lowering valuations make the region’s startups more attractive.

What happened: According to Sandeep Naik, General Atlantic’s head of business in India and Southeast Asia, the company is in early-stage investment talks with about 15 companies in sectors like technology, financial services, retail, and consumer.

Photo courtesy of Wonderlane.

Source: Benzinga (link opens in a new window)

financial inclusion, startups