 "mutual funds, markets")
Private Equity (PE) funds and sovereign funds are making more investments in India's tech companies after the slowdown from hedge funds and momentum investors like SoftBank and Tiger Global. Recently, Advent International has closed in on an investment in KreditBee, according to a report by Economic Times (ET).
Advent may provide $100 million to KreditBee which will take its valuation to $600 million, the report added.
PE funds like Advent, TPG, Temasek and GIC have sped up their investments in India with larger cheques of $100 million or more. Till 2021, late-stage investment rounds were typically raised by funds like
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