Will Motilal Oswal Alternatives be able to align with new benchmarks as they shift strategies to divest from the FMCG company?
In the bustling world of Indian private equity, several significant developments are taking place.
Motilal Oswal Alternates (MO Alts), the private equity and real estate investment arm of Motilal Oswal Financial Services Ltd, has recently marked the first close of its fifth PE fund. The exact figures of the fund's size have not been disclosed, but it's expected that the sector's harvest in private equity could reach $2 billion by 2025.
Meanwhile, Carlyle Group is reportedly logging out of YES Bank, although the reasons behind this decision remain unclear.
MO Alts, based in Mumbai, India, has also made a move in the fast-moving consumer goods (FMCG) sector. Nine years ago, they backed a FMCG maker, and now, they are planning to exit this company. The name of the fast-growing consumer goods brand supported by MO Alts nearly nine years ago, which is now planned to be exited by MO Alts, is Mamaearth.
On a separate note, Groww, an investment platform backed by Peak XV, Ribbit Capital, and Y Combinator, is preparing to go public. The details of this move are yet to be disclosed.
Urban Company, another success story in the Indian startup scene, has achieved a trading debut and reached a valuation of $3 billion.
Elsewhere in the sector, Madison India PE has managed to secure an exit despite one of its portfolio firms turning out to be a dud. The specifics of this exit are not known at this time.
In the retail sector, Asian Footwears, a company backed by MO Alts, is planning to penetrate India's hinterland. The exact strategies for this expansion are yet to be revealed.
As the Indian private equity sector continues to grow and evolve, these developments serve as a testament to the potential and resilience of the industry.
