LeapFrog may allocate 20% of its $750 million fund to India

Andrew Kuper, the founder & CEO at LeapFrog, said that the company planned to put more capital into India and increase the amount beyond what previously had been put in by the company. 

LeapFrog, one of the largest investment firms globally, will be considering to ramp up its exposure to India as it plans to scout for more deals amid the COVID-19 pandemic.

The London-based firm plans on pumping in and allocating around 20% of its $750 million funding that was launched last year, to India. 

ET reported (1) that Andrew Kuper, the founder & chief executive of the investment firm that manages the assets worth around $1.5 billion, said that the company would be investing more into Asia’s third-largest economy than what it has done previously. 

Kuper said that LeapFrog planned to put more capital into India and increase the amount beyond what previously had been put in by the company. The digital revolution in India has massively accelerated the telcos and played a role in creating a strong entrepreneurial ecosystem. 

Highly-accelerated digitization, along with COVID-19 now, has created a vast opportunity to reach out to lower-income people, and the last mile.

Expanding its portfolio across different sectors

The company also appointed Bharat Doshi, the former group CFO & executive director at the Mahindra Group, to its global leadership council.

LeapFrog currently has nine companies in its portfolio that include Ascent Meditech, MedGenome, Dvara, Northern Arc, Fincare, NeoGrowth, and Magma.

The company primarily invests in companies operating in the broader healthcare and fintech sector but is now looking to expand its scope across different sectors. 

Kuper said,

“LeapFrog, these days, typically invests between $10 million and $70 million in a company, and can also bring in co-investments. Therefore, we could invest well over $100 million. So, we have our net out to catch a good, bright partner.” 

+ posts

A passionate writer with bachelor’s in the field of English & Journalism. Other than being a bibliophile, some of her hobbies are travelling, photography and poetry.

Disclaimer: The views, thoughts, and opinions expressed in the article have been curated for our audience and does not warrant a 100% accuracy. All the information mentioned in the article is subject to change according to the changing viewpoints. Feel free to reach us at [email protected] for any change or copyright issues.

Note: If you buy something via a link on this page, we might earn a small commission on it.

Saumya Uniyal
Saumya Uniyal
A passionate writer with bachelor’s in the field of English & Journalism. Other than being a bibliophile, some of her hobbies are travelling, photography and poetry.

Leave A Reply

Please enter your comment!
Please enter your name here

related stories

The china-based threat activity group, RedEcho, targets at least a dozen Indian organizations, including the Indian power sector.

Report: Chinese Hacker Groups Target Indian Organisations Amid the Border Tension

Since mid-2020, Chinese State-sponsored groups intruded into the computer networks of at least a dozen Indian state-run organizations, mostly power utilities and load dispatch...
The SEC stated that it has temporarily halted trading in 15 companies amid concerns that their stock prices were artificially inflated.

US Watchdog Halts Trading of 15 Companies, Sharpens Gaze on ‘Suspicious Social Media Activities’

The United States security regulators suspended trading in the securities of 15 companies on Friday because of 'questionable trading and social media activity.' It...
Facebook recently launched its short video entertainment format platform known as bars that cater to a specific community called rappers.

How the launch of Facebook’s Bars will be a game changer for aspirants in...

The world's hands at entertainment are getting saturated, and there is no doubt about it. This market's global landscape had changed dramatically since the...
The IPO season is here, and many companies have reached for the big deal on the NYSE. DigitalOcean also aims to reach the NYSE boards and introduce their IPO by going public.

DigitalOcean goes public in its first ever IPO aiming for the NYSE

With a range of rationales, digital transformations are carried out. Some stem from the need to replace IT systems that have reached the end...
All successful companies need better tools. Here is the list of today's best product management tools to cover all your business requirements.

Essentials Project Tools You Need in 2021

Project managers and product managers share similar work responsibilities, which is beyond just sharing similar titles. Both roles work in tandem to successfully deliver...
The Indian public sector is undergoing a new shift. Since time, many of these sectors have worked for the government and made the extra dime public.

How the Privatisation move might put the Modi government afront in public benefit

A crisis on an unprecedented scale is facing the Indian banking sector. When more facts are brought to light, the problem becomes peculiar. You...
Disruptors have been challenging big logistics players for years and the shift towards ecommerce has created a fertile ground for logistics startups.

Transformation of Indian Logistics Tech Ecosystem

The logistics industry is the backbone of every economy. The growth of the Indian ecommerce sector enabled startups dealing in logistics to expand their...
India's healthcare sector is booming, thus giving many opportunities to establish a unified system that contributes to better health.

India’s healthcare startup ecosystem is booming, as Government prioritises on better systems

India is a country that is democratic and It is the government's responsibility to provide primary health care for individuals. India is a large...