TPG Capital and Warburg Pincus are in early discussions to acquire a majority stake in Sirion Labs, a contract-management software business founded in India, according to a report by Bloomberg citing people familiar with the matter.
The talks target a transaction value exceeding $500m, underscoring heightened investor interest in digital platforms that automate workflows and reduce human cost.
Sirion Labs, founded in New Delhi in 2012 and later relocating its headquarters to the US, acquired Eigen Technologies last year, a move which reportedly pushed its valuation past $1bn. The business has backers which include Peak XV Partners, Brookfield Growth, and Avatar Capital.
