PE / VC investments reached $36.7 bn in India in 2019

Private equity / Venture Capital (PE/VC) investments in India reached $36.7 billion in 2019 overtaking the previous high of $36.5 billion recorded in 2018, according to the IVCA-EY report.
VC funding in technology cosAugust 2019 recorded investments worth $4.4 billion across 82 deals, on the back of 16 large deals of value greater than $100 million and strong investment activity in infrastructure and real estate asset classes.

Exits recorded $691 million across 11 deals on account of large secondary exits.

Infrastructure ($803 million), real estate ($764 million) and financial services ($734 million) were the top three sectors in terms of PE/VC investments in August 2019.

Investments in infrastructure and real estate sectors accounted for 35 percent of the total PE/VC investments in August 2019 compared to 23 percent in August 2018.

GIC’s $631 million investment in IRB Infra’s road platform was the largest deal in August 2019 followed by Blackstone’s buyout of Coffee Day’s Global Village Tech Park for $400 million.

August 2019 recorded 11 exits worth $691 million, 60 percent lower compared to the value of exits recorded in August 2018 ($1.6 billion) and 9 percent higher compared to exits recorded in July 2019 ($635 million).

August recorded total fund raises of $1.1 billion compared to $2 billion raised in August 2018.

Kotak Special Situations Fund raised the largest fund worth $1 billion to target non-performing asset (NPA) opportunities.

Vivek Soni, partner and national leader, private equity services, EY said that given the deal momentum in various sectors, the total Indian PE/VC investment could potentially be in the range of $48 billion to $50 billion by the end of 2019.

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