Indian GPs are increasingly attracted to platform-building strategies for adding value to their portfolio companies, but PE investors attempting this approach must be prepared to commit enough time and resources to see it through.
Platforms are attractive to GPs due to the control they offer. Rather than allying with an outside company with its own management team and its own acquisition plans, a platform-builder can map out a strategy...
Baidu Capital, a VC firm backed by Chinese search engine Baidu, has led a round of funding for WM Motor Technology, a Chinese electric vehicle manufacturer.
NSI Ventures has reached a first close of approximately $60 million on its second Southeast Asia venture capital fund and also participated in a $5 million Series A round for Singapore-based digital healthcare company Biofourmis.
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $20 million in the third India-focused vehicle of Lighthouse Funds.
GenBridge Capital, a private equity firm set up by former executives from Chinese online retailer JD.com and TPG Capital, has closed its debut consumer-focused fund at the hard cap of $500 million.