IDFC Private Equity is a private equity and venture capital arm of IDFC Limited. The firm makes private equity, infrastructure and real estate investments in the Fintech sector. It also makes early stage and growth investments. The firm prefers to invest in power generation, transmission, and distribution; telecom including mobile and cable; consumer, industrials, financial services, power T&D, roads space, cleantech, power, clean technology, energy, oil and gas exploration and production, refining, transmission, and distribution; transportation including ports, airports, roads, shipping, airlines, railways, and logistics; urban infrastructure including SEZs, waste management, water supply, real estate, and hotels; rural agriculture infrastructure including food processing and distribution; and social infrastructure including healthcare, education, and tourism. It typically invests in India. The firm invests between INR 750 million ($17 million) and INR 2,500 million ($55 million) in a portfolio company. It is a minority investor and seeks to take a board seat on its portfolio companies. The firm exits its investments through IPO, sale to strategic investor, sale to financial investor, and promoter buyback. IDFC Private Equity was founded in 2002 and is based in Mumbai, India.