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

TechCrunch

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…

View original post 91 mots de plus

Laisser un commentaire

Choisissez une méthode de connexion pour poster votre commentaire:

Logo WordPress.com

Vous commentez à l'aide de votre compte WordPress.com. Déconnexion / Changer )

Image Twitter

Vous commentez à l'aide de votre compte Twitter. Déconnexion / Changer )

Photo Facebook

Vous commentez à l'aide de votre compte Facebook. Déconnexion / Changer )

Photo Google+

Vous commentez à l'aide de votre compte Google+. Déconnexion / Changer )

Connexion à %s