Davos 2026: Look to deploy $250 million in India this year, says Investcorp’s CIO Rishi Kapoor

Rishi Kapoor, Vice Chairman and Chief Investment Officer (CIO), Investcorp with Moneycontrol's Chandra R Srikanth

Investcorp, a global manager of alternative investments, is expected to deploy around $250 million in India this year, Rishi Kapoor, Vice Chairman and Chief Investment Officer (CIO) at the firm, told Moneycontrol at the World Economic Forum (WEF) in Davos on January 21.

“Typically, we invest around $100 million on average per ticket. So, we look to invest around $250 million (in India this year),” Kapoor said.

This will be across 2-3 deals and in companies building in five key sectors.

“In India, we like healthcare a lot, consumer, including technology, IT services and financial services…they kind of lean in quite nicely into our global investment thesis as well,” Kapoor said in the interview to Moneycontrol.

Investcorp entered India only in 2018 and has backed companies such as Xpressbees, Wakefit, FreshToHome, InsuranceDekho, among others. In about eight years its assets under management (AUM) has already crossed the $1 billion mark, as per Kapoor.

“India, both in terms of performance and growth, has been actually one of our stronger performing markets…it continues to be one of our top three conviction markets going forward,” he said.

More recently it also raised a Rs 5,000 crore fund which is expected to be deployed “relatively quickly” indicating a more aggressive pace for Investcorp in India.

While several investors look to invest in data centres in India, Investcorp is staying away from that theme, at least for now.

“There is so much capital that has gone into data centres that it has compressed returns to levels where they are not necessarily the most optimal for our investors,” Kapoor said.

“So, instead, the broader agenda around AI, cloud computing, digital architecture and infrastructure and digitisation of corporate value chains is what we are liking a lot,” he concluded.