One of the top US-based venture capital(VC) firms, Walden International has plans to invest $ 150 million over a period of next 12-18 months in India.
The VC plans to launch a global fund early next year to raise up to $500 million as it steps up investment in China and India It aims to invest up to $150 million in the next 12-18 months in India’s education, financial and healthcare service firms, said Rajesh Subramaniam, tnewly appointed managing director of Walden India, told reporters in Mumbai.
“We typically raise funds every three years and the sweet spot for us is the $400 million-$500 million range,” he said.
The firm was among the first investors in India’s Mindtree Ltd , and currently owns 17% of the software services firm. It has also bought into unlisted Indian back-office firm Anantara and outsourcer Sierra Atlantic. The sectors would be investing in banking, financial services and insurance (BFSI), healthcare, education, telecom & media. In BFSI alone, the company has evinced its interest on sectors like personal loan, credit card business and asset management.