MUMBAI: Private equity (PE) and venture capital (VC) investments in India rose to $4.7 billion in October, according to a report by EY and IVCA.
This marks a 4 per cent increase from October 2023’s $4.5 billion and a 40 per cent rise from September 2024’s $3.4 billion. Deal volumes also grew by 21 per cent, totaling 91 transactions in October 2024, up from 75 a year prior.
Vivek Soni, EY’s consulting partner, noted that while there are ongoing challenges in private transactions, the outlook remains cautiously optimistic over the medium term. Pure-play PE/VC investments declined 19 per cent year-on-year to $2.7 billion.
However, real estate and infrastructure investments surged by 67 per cent, reaching $ 2 billion.
Credit investments led the growth with $1.8 billion across nine deals, up sharply from $169 million in October 2023. Sector-wise, infrastructure topped with $1.8 billion, followed by technology at $1.1 billion and financial services at USD 470 million.
Exit values for October 2024 totaled $1.1 billion across nine deals, down from $1.9 billion across 22 exits in October 2023. Total fundraising for the month saw a substantial dip to $209 million across 10 funds, compared to $2.4 billion in October 2023 and $481 million in September 2024.
