TPG forms JV with Indian online player Smile

TPG Growth - the mid-market growth investment arm of TPG Capital - and Smile will co-invest through the joint venture, which operates under the name Katalyzers. It will support internet companies in the marketplace, classified listings, local commerce, digital media and e-commerce segments, helping them expand their businesses across Asia and other emerging markets.

Katalyzers already has offices in India, Singapore and San Francisco, and has a presence across China, Africa, the Middle East and Latin America through partner offices of Smile and TPG.

"Bringing companies to the international markets will require deep expertise and capital," Keith Nilsson of TPG Growth said in a statement. "TPG Growth looks forward to supporting emerging technology companies in their endeavor to enter new overseas markets in partnership with Katalyzers."

Smile is an India-based internet group with subsidiaries in the consumer internet and digital media space. It works with entrepreneurs, VC investors and global companies to build digital companies and increase their global footprint.

It has previously partnered, and built businesses, with companies like AirBnB, WPP Digital, Ogilvy, and Yahoo.

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• Topics
• South Asia
• Technology
• India
• Technology
• TPG Capital
• Venture
• Joint Venture
• Growth capital