look news india
New Delhi: Investments by private equity (PE) and venture capital (VC) funds fell 35 per cent to $4.4 billion in April from $6.8 billion in the year-ago period. The number of deals in April stood at 98, up 56 per cent from the year-ago period, a report said.
Due to global uncertainties, geopolitical tensions and the ongoing Indian general elections, PE/VC investors have adopted a cautious stance. Activities will remain slow until the election results are finalised.
In April 2024, there were nine major deals above $100 million, worth $3.1 billion. That is a 48 percent decrease compared to April 2023’s 11 deals worth $6 billion.
Investments more than doubled to $2.1 billion across five deals compared to $783 million across four deals in April 2023, the report said, adding that growth investments were the second largest at $884 million, down 76 per cent. Investments in startups grew 11 per cent to $756 million across 54 deals.
In PE/VC investments, financial services topped the list with $1.8 billion across 17 deals in April 2024, followed by real estate ($849 million), healthcare ($489 million), and e-commerce ($341 million)
There were 21 deals worth $907 million in April, down from 15 deals worth $1.6 billion in the year-ago period.