Private equity firm Warburg Pincus hires mobile specialist to make mobility investments

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With $37 billion in assets under management, privacy equity firm Warburg Pincus is looking to invest in mobile firms in a range of industries, Mobile Marketer reports.

Warburg Pincus has hired Dinesh Moorjani, founder and CEO of Hatch Labs, as an executive-in-residence to identify mobile investment opportunities.

"I am primarily evaluating growth equity investments in the mobile space where the underlying business model is proven and the company needs capital to scale and compete effectively. I am also spending time with promising early-stage companies and, in some cases, exploring buyouts," Moorjani tells Mobile Marketer in an interview.

At Hatch Labs, Moorjani funded mobile startups, including Tinder, a mobile social discovery service.

"My focus across the mobile sector includes the smart device ecosystem, security, software services for enterprises and small businesses, education, local and healthcare-related technologies and software services," Moorjani relates.

"I believe the mobile market has reached an inflection point that substantiates additional investment in the market to help promising companies scale," he adds. 

While much of his focus will be on the North American market, Moorjani plans to examine opportunities in emerging markets as well.

"In developing markets, high-speed mobile data connections have largely leapfrogged fixed broadband…[and] short message services, or "SMS" Web services, are daily dependencies for social communication, business transactions and inquiries, as are mobile Web and native apps but on a lower scale today," he explains.

For more:
- read the Moorjani interview

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