US-based global asset management firm The Carlyle Group and private equity multinational IDG Ventures are reportedly among the investors looking to finance Indian businessman Ashok Soota’s new India-based venture, Happiest Minds, according to the Indian newspaper Business Standard. The amount is reported to be as high as $25m.

IDG Ventures’ India subsidiary has been marked as a potential backer since April, though news of Carlyle’s interest is relatively new. Soota was a co-founder of the India-based information technology (IT) consultancy…

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