General Atlantic to Deploy Up to $1 Billion a Year in India

Growth-equity investor General Atlantic expects to deploy up to $1 billion in new investments in India annually for the next few years, betting on businesses built around Prime Minister Narendra Modi’s push to expand financial inclusion and increase technology usage.

“We are tracking big policy changes announced by the government that will accelerate creation of digital infrastructure for services and products,” said Shantanu Rastogi, managing director and the firm’s India head. “Affordable supply, affordable infrastructure for financial inclusion, affordable data are big themes for us,” he said.

Shantanu Rastogi

Source: General Atlantic

The planned investment compares with the $500 million to $1.2 ...