Propelld, a fintech start-up that offers educational funding, has raised $25 million for its wholly-owned non-banking financial company (NBFC) subsidiary Edgro.
The investment firm remains bullish on India’s domestic consumption story despite elevated valuations, according to Gaurav Trehan, head of Asia Private Equity and the chief executive officer of the India business.
KKR Bets on Domestic Consumption, Private Credit in India Push bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
KKR & Co. is optimistic about investment opportunities in India s consumer sector and expanding its private credit portfolio. Despite high valuations, the firm believes in India s long-term consumption growth. With global firms like Blackstone and Goldman Sachs also investing in India, KKR plans to deploy $10 billion at a faster pace. The firm is eyeing opportunities in manufacturing and may venture into real estate in the future. Despite challenges faced in the past, KKR remains committed to investing in India through various strategies, including its Asia credit fund and infrastructure projects.
InCred Money opens IFSL's market-linked debentures for investment on its platform thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.