Assessing Whether Creador Meets the Standard in Its Exit Strategy from the Indian Tech Sector's Portfolio
In the realm of private equity, Creador, a South- and Southeast Asia-focused firm, is making waves. Founded by Brahmal Vasudevan in 2011, the company, which previously saw Vasudevan work for the Government of Singapore Investment Corporation (GIC) in Malaysia, has recently made significant strides.
The sixth fund of Creador has exceeded its hard cap, a testament to the confidence investors have in the firm's strategy. This success comes as Creador prepares for at least one exit transaction from its India portfolio, marking at least its second exit this year.
The International Finance Corporation (IFC), on the other hand, is exiting from an investment in India. The IFC expects to achieve minimum target returns from its Indian investment.
Meanwhile, Urban Company, a significant player in the Indian startup scene, has reached a valuation of $3 billion and had a successful trading debut.
Elsewhere, Pine Labs, Hero Motors, and MTR parent Orkla have received approval from SEBI for their Initial Public Offerings (IPOs).
Creador's success is not a recent development. Last year, the firm clocked three liquidity moves, indicating a consistent performance in the market.
However, not all portfolio firms have been successful. One firm turned out to be a dud, leading to an exit for Madison India PE from the portfolio.
As for other players in the private equity landscape, no additional information about Groww, Peak XV, Ribbit Capital, or Y Combinator is provided in this article.
In conclusion, Creador's sixth fund has seen significant success, and the firm is actively making exits from its India portfolio. The Indian startup scene continues to show promise, with Urban Company's success and the upcoming IPOs of Pine Labs, Hero Motors, and MTR parent Orkla.
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