Why Silver Lake is making bold bets in India – Times of India

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Bengaluru: Silver Lake — one of the most prominent investors in the global technology industry — kept mostly away from India over the last decade. But in a span of three months, the firm has pumped in about $2.5 billion across three Indian companies — Mukesh Ambani’s telco-to-internet biz Jio and Reliance Retail, along with education technology startup Byju’s, valued at close to $11 billion. The rapid dealmaking has put it on a par with Japan’s SoftBank and US-based Tiger Global Management & DST Global, who have poured billions into the country since 2014, backing multiple startups as India emerged as the hottest investment market in the world. The move also indicates that India has prominently figured on the radar of the relatively media-shy Silver Lake, which does not have a direct presence in the country, and it has just been waiting for the right time. And unlike most active technology investors who back companies that are yet to start generating cash, Silver Lake has bet on already profitable and more mature companies. “Silver Lake has focused more on mature companies around the world as well. So it is not surprising that they are following the same strategy in India. I doubt they will …

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