If the deal goes through, Advent would increase its exposure in the Indian IT industry, joining companies like TPG, which just last week announced it was funding the firm EarlySalary, which provides rapid loan disbursal. Even if the overall transaction flow in late-stage funding has noticeably slowed down, a handful of investors, including Advent, TPG, Singapore government funds Temasek and GIC NSE 1.29%, have started to sign several larger cheques, often $100 million and above.
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