Investors Looking at Investing in E-Commerce Companies
Private equity, venture funds, hedge funds are currently evaluating a number of online companies, especially niche single-category retailers in segments, according to source.
"We
are very aggressively looking at investing in ecommerce, especially
something with local connect or an offline presence," said Manas Tandon,
principal at TPG Growth India, which has not invested in a consumer
Internet company in India so far. "We have seen some interesting
businesses," said Tandon, whose fund has backed businesses such as
accommodation listings provider Airbnb and messaging app Viber globally.
Tandon
declined to reveal the names of the companies that his fund is in talks
with. Recently, Hong Kong hedge fund Steadview Capital made its India
entry by investing in music streaming service Saavn, furniture site
Urban Ladder and taxi service OlaCabs, the back-to-back deals an
indication of the seriousness with which it views the India market.
Source: Economic Times