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TPG Growth to invest in consumer Internet start-ups

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TPG Growth is planning to invest in Indian consumer Internet start-ups. TPG Growth was the early backer of ride-sharing app Uber and home rental service Airbnb. The company will also partner with venture capital funds to invest in these companies.
The equity investment platform of global private equity firm TPG, TPG Growth was founded in 2007. It has invested in many middle-market companies.

Warburg Pincus, Goldman Sachs Inc., WestBridge Capital Partners, Multiples Alternate Asset Management Pvt. Ltd and Tata Opportunities Fund are the other funding companies that have invested huge funds in India as the country was the top destination for private equity and venture capital investors in 2015.

For the first time TGP Growth made its first investment in an Indian online form in January 2015 when Hong Kong-based TR Capital Ltd and TPG Growth jointly invested Rs.135 crore in eyewear vendor Lenskart for a significant minority stake. TPG Growth has shown a keen interest in further investing in Lenskart in later rounds of capital raising.

Education, healthcare, financial services and consumer are the few other sectors where TPG Growth is looking forward to invest.

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