TPG Growth Commits $100M With India’s Smile To Help Internet Cos Tap Emerging Markets


TPG Growth has committed around $100 million in a joint venture with India’s Smile Group for helping Internet and e-commerce companies build and scale their businesses across emerging markets such as India and Africa.

TPG and Smile will co-invest through their joint venture, Katalyzers, which will work with Internet companies in the marketplace, classified listings, local commerce, digital media, e-commerce and mobile space. Katalyzers will help rollout their businesses across Asia and other emerging markets.

After identifying opportunities, the joint venture will co-invest through Katalyzers in customers’ emerging market operations, pick some sweat equity and offer all support needed to create a fresh revenue stream. Over past few years, Smile has done similar alliances with AirBnB, Yahoo!, under the same model.

« We will bring together on one common platform local Asian knowledge, experience of building businesses, in-house talent of entrepreneurs, media and technology professionals, partnerships with marketing and performance media…

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