Investcorp will invest $400 million in Indian school infrastructure and warehousing
- ByStartupStory | May 24, 2022
Rishi Kapoor, the co-CEO of Bahrain-based investment firm Investcorp stated that the firm is planning to spend another $400 million in India, with an emphasis on school infrastructure and storage due to current economic trends. Investcorp previously invested $500 million in India through 13 firms, including FreshToHome and ASG Eye Hospitals.
Investcorp is a global manager of alternative investment products, for private and institutional clients. Founded in Bahrain in 1982. The company was co-founded in 1982 by Nemir Kirdar, Elias Hallak, Mike Merritt, and Cem Cesmig and acquired Tiffany & Co in 1984. Despite any economic crisis in India, Kapoor told Reuters at the World Economic Forum in Davos, Switzerland, that he believes education is the one spending that would not be slashed. He further explained that the company is developing a new investment thesis around investing in schools and education infrastructure.
Everywhere except schooling their children, the middle-income Indian parent will tighten their belts. As a result, the underlying space is quite appealing. Kapoor also feels that India’s e-commerce development has created supply chain infrastructure opportunities, such as storage. They will also look at other sectors that are growing, such as renewable energy and cleantech, he added.
School infrastructure and the warehouse industry, which is developing because of the fast rise of e-commerce in the country with a population of 1.4 billion people, will be the two industries it will focus on.
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