Buyout (LBO, MBO, MBI) • Financial Services

WestBridge Capital Partners Acquires FundsIndia

On August 22, 2023, private equity firm WestBridge Capital Partners acquired financial services company FundsIndia

Acquisition Context
  • This is WestBridge Capital Partners’ 10th transaction in the Financial Services sector.
  • This is WestBridge Capital Partners’ 43rd transaction in India.

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M&A Deal Summary

Date August 22, 2023
Target FundsIndia
Sector Financial Services
Buyer(s) WestBridge Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

FundsIndia

Chennai, India
FundsIndia is a wealth management platform managing over 10,000 Cr of client assets. It provides easy access to a wide range of investment products such as mutual funds, corporate fixed deposits, stocks and provides personalized guidance through investment coaches. FundsIndia was founded in 2009 and is based in Chennai, Tamil Nadu.
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Buyer Overview 1

Buyer
DESCRIPTION

WestBridge Capital Partners, LLC is a private investment firm focused on growth-oriented opportunities across India. WestBridge looks to partner alongside promising mid-sized companies and typically seeks to commit $10 to $80 million of minority capital per transaction. WestBridge Capital Partners is based in Ebene, Mauritius.


Deal Context for Buyer #
Overall 49 of 50
Sector: Financial Services 10 of 10
Type: Buyout (LBO, MBO, MBI) 4 of 4
Country: India 43 of 44
Year: 2023 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Freshworks

San Mateo, California, United States

Freshworks provides customer engagement software to businesses of all sizes, making it easy for customer support, sales and marketing professionals to communicate more effectively with customers and deliver moments of wow. Freshworks was founded in 2010 and is based in San Mateo, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-29 Meesho

Bangalore, India

Meesho is an E-commerce marketplaces, disrupting the market with their low-cost, asset light model that drives lowest pricing to users. Meesho was founded in 2015 and is based in Bangalore, Karnataka.

Buy -