Carlyle Group Exits YES Bank As Indian Agriculture Bounty Reaches $2 Billion in 2025
In a series of developments, several investors are exiting their investments in India, while one Indian fintech startup is gearing up for a public listing.
American private equity firm Carlyle has agreed to sell its remaining stake in Indian lender YES Bank to Japan's Sumitomo Mitsui Banking Corporation (SMBC). This sale marks Carlyle's exit from its investment in YES Bank, a move that concludes an investment made less than three years ago. The new owner of the remaining shares of YES Bank sold by Carlyle will hold up to 24.99% of the bank after receiving regulatory approvals in August and early September.
Meanwhile, the International Finance Corporation (IFC) is exiting its investment in India with returns that meet or exceed their minimum target. The specifics of the IFC's exit were not detailed in the article.
Similarly, Creador is making an exit from its India tech portfolio, but it remains unclear if they are meeting their benchmark. The details of the Creador exit were also not provided.
Apart from these exits, Indian fintech startup Groww is preparing to go public. Three venture capital firms, Peak XV, Ribbit Capital, and Y Combinator, are investors in Groww. However, the details of the returns or terms of these exits, as well as the potential impact of Groww's public listing on its operations or financial status, were not discussed.
These developments indicate ongoing activity in the Indian venture capital market. With Groww's upcoming IPO and multiple firms exiting their investments, it seems that the market remains vibrant and active. However, the article does not discuss any changes in the investment strategies or future plans of Peak XV, Ribbit Capital, Y Combinator, Madison India PE, IFC, or Creador, or any other investments made by these firms in India.
With this sale, Carlyle's total harvest from its local portfolio in 2025 will be nearly $2 billion, indicating that the firm has been active in the Indian market. This news follows Carlyle's previous sales of stakes in Indian companies, suggesting that the firm continues to find opportunities in the Indian market.
The buyer of Carlyle's stake in YES Bank, SMBC, has also been active in the Indian market. However, the article does not provide information on any other investments made by SMBC in India.
In conclusion, the Indian venture capital market continues to be active, with multiple firms exiting their investments and one startup preparing for a public listing. Carlyle's sale of its stake in YES Bank to SMBC marks another successful exit for the American private equity firm in the Indian market.
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