You are here: Home » International » News » Companies
WEF 2022: UN official still hopes Musk will 'step up' to fight world hunger
Oil prices little changed as recession worry offsets higher demand outlook
Business Standard

Investcorp targets $400 mn at Indian school infrastructure, warehousing

Investcorp now has plans to deploy $400 million over four years on real estate in India, Rishi Kapoor said in an interview at the World Economic Forum in Davos

Topics
Investcorp | World Economic Forum | Rishi Kapoor

Reuters  |  DAVOS, Switzerland 



schools
The two segments it will focus on will be 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, its Co-Chief Executive Rishi Kapoor said.

By Aditya Kalra

DAVOS, Switzerland (Reuters) - will deploy $400 million into Indian school infrastructure and warehousing, as it seeks to expand investments in the South Asian nation, its Co-Chief Executive told Reuters on Monday.

Bahrain-based has already invested $500 million in 13 in India, including 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.

now has plans to deploy $400 million over four years on real estate in India, said in an interview at the in Davos.

The two segments it will focus on will be 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 parent will tighten their belt in every area other than education for their kids. So that underlying space is very attractive."

India is seeing unprecedented growth in e-commerce and logistics, with such as Amazon and Walmart's Flipkart committing billions of dollars in investment.

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 .

Global private equity firm General Atlantic told Reuters on Sunday it plans to plough $2 billion into India and Southeast Asia over the next two years, after falling valuations made the region's startups more attractive.

 

(Reporting by Aditya Kalra in New Delhi; Editing by Alexander Smith)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Mon, May 23 2022. 20:59 IST

RECOMMENDED FOR YOU

.