PE / VC invest $ 6.8 billion in Indian cos in November: report
Total investments in the first 11 months of the year reached $ 72.6 billion, 53% more than the all-time high for a year reached in 2020, he said.
In November, activity was dominated by $ 2.4 billion in start-up investments and private equity exits in nine IPOs, EY partner Vivek Soni said.
“Although India has found itself in an ideal macroeconomic and geopolitical zone, downside risks remain. Rising domestic inflation due to soaring global energy prices, any potential slowdown in the economy. The government’s reform agenda for the upcoming important state elections and the threat of a new variant-driven third wave of COVID remain key speed bumps to watch out for in the coming months, ”he added.
November saw 17 large deals of over $ 100 million each, which alone totaled $ 5.4 billion, while pure play investments in PE and VC (excluding those in infrastructure and real estate) amounted to $ 5.7 billion, he said.
The biggest deals in November include Advent’s $ 1.5 billion buyout of Encora Digital and $ 840 million investment in Dream11 by a group of investors including Falcon Edge, D1 Capital, Tiger Global, TPG and others, he said, adding that technology was the frontrunner. investment sector, followed by electronic commerce.
The month saw 21 releases for $ 3.6 billion, up from $ 974 million in November 2020 and $ 5.3 billion in October.
Total funds raised for future investments stood at $ 610 million, up from $ 20 million in November 2020 and $ 70 million in October 2021, according to the report.