India’s lower-tier urban opportunities
As demand for consumer goods rises among India’s 1.2 billion population, private equity has been scouring the cities for a windfall. Yet, this growth – and the competition for deals that has arisen from it – has also prompted a handful of private equity and venture capital funds to broaden their geographic focus to lower-tier urban centers.
The appetite for private equity investment in the country is real: there were 166 deals in the first half of 2011, up 15% year-on-year, while investment reached $4 billion, a gain of 2.4%, according to...
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