Investcorp plans to pour in $400 mn in Indian school infrastructure and warehousing
By MYBRANDBOOK
As per news source, Bahrain-based Investcorp is planning to invest $400 million into Indian school infrastructure and warehousing, as the company is looking forward to expanding investments in the South Asian nation, said its Co-Chief Executive.
The company has already poured in $500 million in 13 companies in India which includes online retailer FreshToHome and ASG Eye Hospitals. It also has a $400 million fund for private equity investments in India, which says it has the world's fastest growing startup ecosystem.
In an interview at the World Economic Forum in Davos, Rishi Kapoor mentioned that the company has plans to invest an amount of $400 million over four years on real estate in India.
The two focused segments of the company are school infrastructure and a warehousing sector which is booming, thanks to a rapid expansion of e-commerce in the country with a population of 1.4 billion people, Kapoor said.
"We have created a new investment thesis around investing in school, education infrastructure," he said.
"The middle-income Indian parents will tighten their belt in every area other than education for their kids. So that underlying space is very attractive."
Another sector booming in India is clean mobility, and Investcorp said it will target investments in clean energy and climate tech, although its plans are yet to be firmed up.
The separate $400 million fund for private equity investments in India which Investcorp has previously announced will be used to target sectors including health and wellness and consumer technology, Kapoor added.
"It's actually a good time to deploy capital, we are looking at a few opportunities now," he said, while declining to name any specific companies.
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