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August 04, 2011

New Fund Announcement: WestBridge Crossover Fund raises $500 million

WestBridge Capital today announced that it has successfully raised a new $500 million investment fund, WestBridge Crossover Fund, LLC. The Fund has been fully subscribed and is not open to new investors.

The new fund, a long-term investment vehicle, will invest in both public as well as later stage private companies. The WestBridge team’s four advisory principals – KP Balaraj, Sumir Chadha, Sandeep Singhal and SK Jain - have successfully invested in India for more than a decade, and enjoy a track record of success at the top of the Indian private equity industry.

Investors in the WestBridge Crossover Fund include leading university endowments and major foundations.

About WestBridge Capital:

WestBridge Capital is a leading investment firm, with a strong track record of success at the very top of the private equity industry in India. WestBridge is a long term investor and an active partner in companies that are market leaders with strong defensible business models, led by ethical and transparent management teams. WestBridge’s sectors of interest include financial services, consumer services, healthcare and IT.

Some of the companies that the WestBridge team has successfully invested in include: Applabs, Celon Labs, Coffee Day, Comviva, Eclerx, Equitas, Indecomm, InfoEdge, Interactive Avenues, JustDial, Dr Lal Pathlabs, GlobalLogic, Mannapuram, Pangea3, Paras, QuickHeal, Tutorvista, Nazara, StarHealth, StoveKraft, Vasan Healthcare, SKS Microfinance and Via.