Saudi Arabia's Hades Financial readies $750m for India investment

Growing number of Middle Eastern funds look to back Indian startups and venture funds

Mohammed Abrar Asif, co-chief executive officer at Hades Financial says entrepreneurs are building companies in such sectors as consumer goods in India.(Photo by Ken Kobayashi)

SAYAN CHAKRABORTY, Nikkei staff writer

August 30, 2024 11:32 JST

BENGALURU -- Saudi Arabian asset manager Hades Financial Private Capital Group is cranking up India operations with $750 million in funds for alternative investments.

The move reflects the Middle East's growing appetite for investments in the South Asian nation, and is also a blessing for Indian startups as growth capital is in short supply now.