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Walden Intl to infuse $100-150 mn into Indian market

Walden Intl to infuse $100-150 mn into Indian market
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First Published: Tue, Jul 15 2008. 04 58 PM IST
Updated: Tue, Jul 15 2008. 04 58 PM IST
Mumbai: Global venture capital firm, Walden International, plans to infuse $100-150 million into the country over the next one-and-half years, a top company official said.
“We will be investing over $100-150-million in India to enhance our investment portfolio over the next 12-18 months,” Walden International’s newly-appointed managing director, Rajesh Subramaniam, told reporters here.
Banking and financial services, education, healthcare, consumer Internet, telecom and media and IT/BPO were some of the key areas in which the company plans to invest in,he said.
“We plan to partner with some of the blue-chip venture capital companies, top-notch education institutions and world-class Indian and multi-national companies,” Subramaniam said.
Currently, Walden was involved in active discussions with some of the players in the market, he said.
Subramaniam, however, did not divulge the identities of the entities Walden was negotiating with.
The company currently manages assets of over $1.9-billion. Of this, $1.6-billion have been invested across the US and Asia including India and China.
“A part of this investment will come from the existing surplus funds, and some investment from the $400-500-million that we plan to raise next year,” he said.
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First Published: Tue, Jul 15 2008. 04 58 PM IST