MAP Boga, Ruangguru to Benefit from GA's Latest Investment Plan

By Editorial Team 24/05/2022
Assets
Summary

General Atlantic, a US-based investment company, plans to invest up to US$2 billion or around Rp 29.2 trillion in India and Southeast Asia in the next two years. Sandeep Naik, head of its business in General Atlantic in India and Southeast Asia, revealed that the company was in early-stage talks with 15 companies in several sectors, including technology, financial services, retail, and consumer.

"We are very bullish on India, Indonesia, and Vietnam," he told Reuters on Monday. So far, most of General Atlantic's investments are in India. In Indonesia, General Atlantic has invested in food & beverages retailer PT MAP Boga Adiperkasa Tbk (MAPB), PT Kalbe Farma Tbk (KLBF), and edutech startup Ruangguru.

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