Amazon's India partner Samara Capital plans $500 mn fund: Report

Samara Capital, an India-focused private equity firm and a local partner of Amazon.com Inc., is planning to raise as much as $500 million for a new fund targeting companies in Asia’s third-biggest economy.

The Mumbai-based company is looking to invest in businesses ranging from retail and health care to technology and finance, and plans to close the fund in the second half of 2022, Sumeet Narang, Samara’s founder and managing director, said in an interview.

“We have started the roadshows and many of our existing investors across the U.S., Europe, Middle East and Asia Pacific have already signed up,” Narang said. 

Samara is