Nalanda bets on PE-backed internet firm to mark first investment in three years

Nalanda Capital, an India-focussed private equity-style investor in public equities, has acquired a substantial stake in a consumer internet company from a fund of 2011 vintage in what appears to be its first major investment in more than three years. Singapore-headquartered Nalanda, headed by former Warburg Pincus India managing director Pulak ......