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The startup is talking to A91 partners, Xponentia Capital Partners and 360 ONE Asset. The round is likely to close at a valuation of $250 million
Mumbai: Global private equity major Blackstone, which manages $1 trillion in assets, plans to invest $25 billion in India over the next five years.
President of Blackstone believes India has benefited from diversification of supply chains in Asia and a growth-focused government that has helped usher in reforms such as GST, IBC and REITs
Blackstone's favourites for the future will include the infrastructure sector; there is also a possibility of it starting a credit fund
Blackstone Group plans to invest USD 2 billion annually in India, aiming to improve the ease of doing business for firms like it. The New York-based group has been operational in India for nearly two decades and has invested a total of USD 50 billion in the country. The value of its assets, after accounting for exits, stands at USD 30 billion. Over the next five years, the value of assets is expected to rise by USD 25 billion, including USD 17 billion in fresh bets and up to USD 7.5 billion value creation across portfolio companies.