Smile Group has created a joint venture with TPG Growth called Katalyzers that will help companies in the marketplace, classified listings, local commerce, digital media, e-commerce and mobile space rollout their businesses across Asia Pacific, Middle East and Africa. Katalyzers, is backed with $100 million in funding and has set up offices in Singapore and San Francisco apart from India. It also has presence in China, Africa, the Middle East and Latin America through partner offices of Smile and TPG. Smile Group Founder Harish Bahl told Medianama that the new entity will be targeted at Silicon Valley based companies that want to expand its operations to developing markets. Katalyzer will be more of an operational company than a fund and it will also cater to companies from India or anywhere else that is on a high growth path and needs a partner to take them international. Katalyzer will provide these companies access to a ready pool of senior managers and entrepreneurs with domain knowledge in these markets, capital, infrastructure including office space and in house marketing and legal team. Companies approaching these markets via Katalyzers will also get media support group GroupM and SVG that are associated with Smile Group in India. Bahl will be the General Partner in the new entity, while Keith Nilsson and David Gowdey of TPG have joined as as board members. Rishabh Kumar of Smile Group will be Vice President, while David Trujillo and Sahil Vohra have joining as advisor and general counsel respectively. In the past, Smile…
- Parliament Standing Committee Calls For A Monitoring Group To Check Technological Readiness For Digital Education Projects September 29, 2023
- IT Ministry May Shelve Self-Regulatory Bodies for Online Real Money Gaming Until Inter-Ministerial Views “Harmonised”: Report September 29, 2023
- Net neutrality rules set to be reintroduced in the US September 28, 2023
- Fact Check Amendment Makes Platforms Judge Whether to Take Content Down: Lawyers Argue Before Bombay HC September 28, 2023
- Epic Games appeals Apple App Store verdict at US Supreme Court September 28, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Straw man fallacy: IT Ministers’ defence of government exemptions in data protection law misses the point
Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...
The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...