As Market Struggles For Funds, PE Firm General Atlantic To Invest $2 Bn In Indian & SEA Startups

As Market Struggles For Funds, PE Firm General Atlantic To Invest $2 Bn In Indian & SEA Startups

SUMMARY

It is reportedly in talks with about 15 startups in sectors such as fintech, SaaS, ecommerce, consumer services, etc

Between CY21 and Q1 CY22, General Atlantic marked only one investment in India via insurtech startup Acko

The PE firm was waiting for the value creation to happen and is now ready to open its purse strings, India head Sandeep Naik stated

US-based private equity firm General Atlantic will invest $2 Bn in Indian and Southeast Asian startups over the next two years. According to a Reuters report, falling valuations of startups have attracted the PE firm to pump funds amid market volatility and the rising crises in the country’s startup ecosystem. 

Besides India, the PE firm is keen on backing startups from Indonesia and Vietnam.

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