Creador invests $18m in India's iValue

iValue offers a range of services focused on protecting the digital assets of corporate clients, including vulnerability assessments, network penetration testing, and threat intelligence services. It has more than 6,000 customers across a range of industries, mostly in India, and recorded revenue of over $100 million last year.

Founded in 2000, iValue has 10 offices in India along with locations in Singapore and Kenya, and employs a global staff of 170. The company plans to use the new capital to grow its team to 300 over the next few years, particularly in the broader South Asia region and Africa, while also improving its technology capabilities and looking for growth opportunities through acquisitions.

Creador is currently raising its fourth Southeast Asia and India-focused private equity fund, which launched in 2018 with a target of $500 million. The vehicle had already passed that target by December, when the Asian Development Bank announced a $50 million commitment that brought the total amount raised to $533 million, following a first close of $430 million last July. A hard cap has been set of $550 million.

Creador primarily targets Malaysia, Indonesia, Singapore, and India, with Vietnam added for the fourth fund. It typically makes minority growth investments, including PIPE deals, focusing on high-growth businesses with sustainable competitive advantages and margins where it can provide significant added value. Its India portfolio includes hospital chain Paras Healthcare and rural lender Ujjivan Small Finance Bank.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• South Asia
• Technology
• Support services
• Expansion
• India
• Creador
• TMT
• professional services
• Growth capital