UST Co-Founder Targets $1 Billion Funding for Tech Investment
- Pillai’s McLaren SV sees opportunities in India and overseas
- Firm has invested $300 million to date, sponsored US SPAC
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The investment firm led by the Indian co-founder of technology services company UST is looking to raise about $1 billion to invest in startups and private equity opportunities in Asia’s third-largest economy and beyond.
McLaren Strategic Ventures has started preliminary roadshows and has seen good interest from family offices and Middle Eastern state investors, chairman Sajan Pillai, 54, told Bloomberg News in an interview in Mumbai.