Private Equity Giant TPG & Smile Group Launch $100 Mn JV for Internet Companies

Private equity firm TPG’s equity investment arm TPG Growth has formed a joint venture with India based Smile Group to form Katalyzers, which will invest and grow internet companies.

Katalyzers will look at businesses that are in the marketplace, classified listings, local commerce, digital media, e-commerce and mobile space. It will also help rollout their businesses across Asia and other emerging markets.

Smile Group

Harish Bahl, the founder of Smile Group said

Katalyzers will leverage Smile’s strengths, enabling successful digital companies to build businesses with speed and efficiency across the emerging markets without diverging their focus and bandwidth from the home markets. We will bring together on one common platform local Asian knowledge, experience of building businesses, in-house talent of entrepreneurs, media and technology professionals, partnerships with marketing and performance media companies like Tyroo, DGM & WPP and now in partnership with TPG, deep financial assets for co-investment opportunities.

The Smile Group has helped companies like AirBnb and WPP Digital across Asia, Africa and Latin America through joint ventures and sweat equity partnerships.

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