TPG invests Indian shoe company

Terms of the deal have not been disclosed. According to The Economic Times, the investment was for a 20% stake and valued the company at INR15 billion ($235 million). The capital is expected to drive growth of the customer base through enhanced distribution, diversified channels, and product expansion.

“Our nation’s growing population – across all ages – desires affordable, high-quality footwear. With more than 35 years of experience in the industry, we pride ourselves on our ability to create a product that satisfies these preferences,” Nikhil Aggarwal, CEO of Campus, said in a statement. He added that TPG and QRG's resources, on-the-ground knowledge, and business building experience will lead to better products and services.

Incorporated in 2006, Campus positions itself as a leading sports and casual footwear company in India, with a network of more than 15,000 multi-brand retail stores, company-owned exclusive outlets and e-commerce portals. It launches about 200 new designs a year and currently offers around 800 products across the casual, sport, school, and sandal shoe categories.

TPG Growth claims to have more than $8.3 billion in assets under management.

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• Topics
• South Asia
• Consumer
• Expansion
• India
• TPG Capital
• Growth capital
• manufacturing