Legatum's Chief Investment Officer, Philip Vassiliou, meets India's Finance Minister, the Honourable Nirmala Sitharaman, in New York to discuss investment opportunities and the important role that foreign investors play.
India has emerged from the pandemic in a strong position thanks to the continued reforms and support of the Government, ensuring an abundance of opportunities for all investors and industry stakeholders, the Honourable Finance Minister Nirmala Sitharaman told a gathering of global business leaders and investors including Legatum's Chief Investment Officer, Philip Vassiliou, in a meeting in New York, USA.
"Startups in India have grown tremendously and many are now raising money through capital markets. In 2021 alone, more than 16 startups will qualify as unicorns," Sitharaman said.
The Finance Minister's comments follow news that esports giant Mobile Premier League ("MPL”) joins this elite category of businesses, raising its Series E financing with Legatum Capital as lead investor at a pre-money valuation of $2.3 billion USD.
MPL made history last week when its sponsorship of the Indian Cricket Team was announced with a light-projection display on the iconic Burj Khalifa.
Following his meeting in New York, Mr Vassiliou said: "Legatum shares the Honourable Finance Minister Sitharaman's optimism about the opportunities for India and the important role of foreign capital. We have been delighted to see India's recovery from the pandemic and continue to see India as a promising investment destination as it continues on its pathway to prosperity."