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Exclusive: Norwest scores another multi-bagger exit from Indian private lender

Illustration by Akshansh Maan/VCCircle

Multi-stage private equity investor Norwest Venture Partners has sold its entire stake in a public-listed financial services firm—the third such portfolio company in India within a year—minting gold from yet another private lender in the country. Norwest Venture Partners, which invests in India out of its global fund across sectors, has built a significant portfolio of financial services companies and has also been harvesting some of them taking advantage of the bull run in the stock market. Last year, the investment firm had exited India's fifth-largest private bank Yes Bank Ltd with healthy gains later cashed out of another private...

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Norwest Venture Partners is a venture capital and private equity firm with approximately $5 billion assets under management. It provides seed, early, expansion, growth and late stage capital to listed and unlisted companies operating in United States, India, Israel and China. The firm seeks to invests in retail, technology, education, media and entertainment, financial, logistics, healthcare, consumer, infrastructure, manufacturing, telecom, pharma and outsourced service sectors. It typically invests between $1 million and $30 million for venture capital and between $10 million and $100 million for growth capital in its portfolio companies. The company was founded in 1961 and is based in California, United States of America with additional offices in India and Israel. 

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