Investcorp launches a white paper on India’s Digital Economy

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Investcorp, a global investment manager, specialising in alternative investments, today outlined the growth and investment opportunities in India’s digital economy driven by digitalisation and accelerated by Covid-19 in a newly released white paper, “Digital India: The $1 Trillion Opportunity”.

The whitepaper finds that India’s demographic advantage and its rising incomes, strongly positions the country to be the world’s fastest growing digital economy – unlocking US $1 trillion in value (up from approximately US $250 billion in 2020), and accounting for over 25% of India’s overall GDP by 2025.

The paper provides an overview on how India is poised to become a digital first economy, how the country has evolved its digital landscape, and reasons for increased investment interest, despite the pandemic.

Gaurav Sharma, Head of Private Equity, Investcorp India said, “The global pandemic and the subsequent lockdown accelerated digitisation in India. Investors continue to realise the opportunity in India over the next five years, driven by strong digital infrastructure, continued business innovation and strong investor appetite.”

The whitepaper notes that the country is witnessing 15 new unicorns added in H1- 2021 alone, with these players raising an aggregate of US $6 billion at a combined valuation of US $28 billion.

It concludes that investors will need a combination of deep networks, local on ground presence, technology expertise and multi-cycle/ stage investment experience to capitalize on this value creation opportunity.

In India, Investcorp has invested across the consumer tech, healthcare, financial services, retail, SaaS, e-commerce, and technology sectors.

Its investments over the last four years include Intergrow Brands, Bewakoof.com, Freshtohome, Zolo, InCred, Citykart, ASG, NephroPlus, Unilog, XpressBees, and Safari Industries. The complete white paper is at www.investcorp.com