Google brings in PE subsidiary to capitalise on Indian startup boom

Google is setting up its growth capital arm in India to double down on as it turns bullish on fast-growing local emerging companies that have drawn attention from big investors across the world. In the next 3-7 years, nearly 30% of the world’s billion-dollar companies will be from India, Lawee predicted. India’s startup ecosystem has become increasingly attractive for a spectrum of investors from large hedge funds to corporate venture capital arms as companies such as Flipkart and Paytm notch up hundreds of millions of dollars in funding at multi-billion-dollar valuations.


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