Even as the number of mega deals in India has hit a significant bump in the first quarter of this year, experts say that is where the action lies as fund managers look to back more growth-stage deals in the current investment climate.
“Given the recent focus on profitability, we expect increased interest in …established business models that are already profitable or have a clear path to profitability. As a result, we may see greater fund flows to growth-stage opportunities,” Mohit Bhandari, Managing Director, Investment (India) at Temasek, recently told DealStreetAsia in an interview.