Shantanu Rastogi, Managing Director in General Atlantic’s Mumbai office, was selected by the Economic Times as one of India’s “40 Under Forty” top business leaders of 2019. Shantanu focuses on investments in the firm’s Financial Services, Healthcare, and Consumer sectors in the India & Southeast Asia region.
Sandeep Naik, Managing Director and Head of India & Southeast Asia, appears on CNBC to share GA’s investment outlook for India and views on the strong entrepreneurial ecosystem in the country. General Atlantic has been investing in India since 2002 and has partnered with more than 25 companies there to help them grow and scale.
Sanfer, one of Mexico’s leading independent pharmaceutical companies, today announced it has obtained a USD $500 million minority investment from Caisse de dépôt et placement du Québec (CDPQ), a long-term institutional investor. The investment, one of the largest minority private equity transactions in Mexico, will enable Sanfer to execute on its continued expansion plans across Mexico and the broader Latin American region.
Morphe Holdings, a global beauty company, and General Atlantic, a leading global growth equity firm, announced today the launch of a new partnership in which General Atlantic will acquire a majority stake in the company alongside existing investor Summit Partners and co-founders Chris and Linda Tawil. Additional terms of the deal were not disclosed.
Motif Ingredients Rebrands to Motif FoodWorks, Raises $27.5 Million to Fuel Animal-Free Ingredients R&D
Ingredients innovation company, Motif Ingredients, today announced it received $27.5 million in funding led by General Atlantic, a leading global growth equity firm, with participation from CPT Capital. The company also revealed a new brand identity and name, Motif FoodWorks, and announced a number of additions to its leadership team. The capital raise, evolution of its brand and expanded team strategically position Motif FoodWorks to fulfill its aspiration to extend the realm of what’s possible with animal-free ingredients.
Alex Crisses, Managing Director in General Atlantic’s New York office, was selected as one of GrowthCap’s Top 25 Software Investors of 2019. Alex focuses on General Atlantic’s investments in the Technology sector and was recognized for co-heading the firm’s Emerging Growth Initiative and his leadership of the thematic sourcing program.
Mobile shopping leader Wish today announced that the company’s valuation was $11.2 billion post-money following a Series H round of financing led by General Atlantic, a leading global growth equity firm. With this new investment, Wish’s valuation increased from $8.7 billion following its last funding round in late 2017.
General Atlantic was featured in Forbes India’s August 2, 2019 issue, which profiled the private equity and venture capital firms contributing to India’s entrepreneurial and economic development. The article, “Why General Atlantic has an edge over its peers,” authored by Pooja Sarkar, highlighted General Atlantic’s longstanding focus on partnering with entrepreneurs in India to help build global growth companies.
General Atlantic, a leading global growth equity firm, announced today that Vittorio Colao has joined the firm as a Special Advisor. Mr. Colao, former Group Chief Executive of international communications company Vodafone Group Plc, will advise General Atlantic and its portfolio companies as the firm continues to execute on its global growth investing strategy.
General Atlantic was included in Inc. magazine’s “50 Best Private Equity Firms for Entrepreneurs.” Over the past 39 years, General Atlantic’s sole focus has been partnering with entrepreneurs and helping build some of the world’s best growth companies.
Detroit-based StockX Closes $110M Series C Led by DST Global, General Atlantic and GGV Capital; Names e-commerce Veteran Scott Cutler CEO
StockX, the world’s first ‘stock market of things’, has closed on a $110 million Series C funding round from investment firms DST Global, General Atlantic, and GGV Capital. The company also announced today the appointment of Scott Cutler as CEO. Cutler succeeds co-founder Josh Luber, who will continue to serve on the executive leadership team and board of directors. The raise, in which current investors GV and Battery Ventures also participated, represents the largest in Michigan VC history to date and values StockX at over $1 billion.
Blend, a leader in digital lending technology, today announced it has raised $130 million in Series E funding led by Temasek and General Atlantic. Existing investors 8VC, Founders Fund, Greylock Partners, and Lightspeed Venture Partners also participated in the round, which brings the company’s total funding to $310 million.