Across the skyline of India's cities, countless cranes and towers of bamboo scaffolding offer testament to the building of a new economy. "India is in the middle of a high growth phase," says Ashish Dhawan, co-founder of ChrysCapital which manages $2.5 billion in six funds. "We're starting from a low per capita income and we've yet to reach middle income status. If you look at that macro backdrop—8% real growth, 13% or 14% nominal growth—the appropriate role for private equity is really to provide growth capital for companies that are serving the consumer."
[This article has been reproduced with permission from Qn, a publication of the Yale School of Management http://qn.som.yale.edu]
I can quote many examples of companies getting 3 - 4 rounds of funding.
on Mar 2, 2014Only about 1/7th of all PE exits in India have been IPO\'s, so it is not clear why Mr. Sabarinathan says that \"it is almost an article of faith that there will be one round of financing and then the company will go public\". Moreover 1/4th of all PE exits have been strategic sales showing that many Indian firms are actually quite open to selling stakes to other corporates, although many of these could be to related parties.
on Jan 29, 2013