Why Silver Lake is making bold bets in India

BENGALURU: Silver Lake – one of the most prominent investors in the global technology industry – kept mostly away from India over the last decade. But in a span of three months, the firm has pumped in about $2.5 billion across three Indian companies – Mukesh Ambani’s telco-to-internet biz Jio and Reliance Retail, along with education technology startup Byju’s, valued at close to $11 billion.

The rapid dealmaking has put it on a par with Japan’s SoftBank and US-based Tiger Global Management & DST Global, who have poured billions into the country since 2014, backing multiple startups as India emerged as the hottest investment market in the world.