Tuesday, January 23, 2007

LPO: A Good Hedge?

"May you live in interesting times!" may be a Chinese saying, but this is so apt for what Indian investors are doing. Rakesh Jhunjhunwala - the Indian version of Warren Buffet - has caught a new fancy, and no prizes for guessing what it is - Legal Process Outsourcing!

Yes, Jhunjhunwala has acquired a stake in Inventurus Knowledge Solutions, a Mumbai based startup. His $5.5 million stake is supposed to be non-controlling. The firm seems to have some clients. As an industry watcher I know said in a private conversation, "It's like a new LPO everyday!"

Media, as always has been not very sure about what is happening. Moneycontrol is confused about BPO/KPO/LPO but this one takes the cake!

Interesting times indeed...