EQT-owned Virtusa plans $1B India IPO, eyes $7B valuation

Virtusa IPO helps EQT return capital

Virtusa has deep roots in Indian tech hubs like Hyderabad and Chennai. After being acquired by EQT in 2022, the company's initial public offering will help EQT return money to its investors.
This move follows EQT raising $15.6 billion for an Asia-focused fund, showing they're betting big on the region's growth and on India's booming tech scene.