Significant funding gap for mid-market companies: Heramb R Hajarnavis

There is a sense of excitement in the start-up world, which has had a positive impact on venture capital fund raising

SeaLink Capital Partners (SCP), the private equity firm founded by former KKR (India) executives Heramb R Hajarnavis and Karthik Narayanaswamy, announced the final close of its debut fund at $315 million (Rs 20.4 billion). Heramb R Hajarnavis tells Ranju Sarkar about his investment philosophy and fund-raising experience. 

What is the opportunity in mid-market? What would be your investment strategy and focus, sector-wise? 

There are close to 12,000 mid-sized companies (with annual revenues of $10-$150 million) in India. These are growth engines of the economy, filling crucial need gaps. Several of these companies aspire to be bigger and more efficient in their operations,