Breaking NewsIndian BeehiveNews

LeapFrog to allocate 20 per cent of USD 750 million fund to India

LeapFrog, one of the largest investment firms globally, will be considering to ramp up its exposure to India as it plans to scout for more deals amid the COVID-19 pandemic.

The London-based firm plans on pumping in and allocating around 20% of its $750 million funding that was launched last year, to India. 

Economic Times reported that Andrew Kuper, the founder & chief executive of the investment firm that manages the assets worth around $1.5 billion, said that the company would be investing more into Asia’s third-largest economy than what it has done previously. 

Kuper said that LeapFrog planned to put more capital into India and increase the amount beyond what previously had been put in by the company. The digital revolution in India has massively accelerated the telcos and played a role in creating a strong entrepreneurial ecosystem. 

Highly-accelerated digitization, along with COVID-19 now, has created a vast opportunity to reach out to lower-income people, and the last mile.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button