TLDR:
- PE and VC investments fell to USD 2.2 billion in February, down 39% from the previous year.
- February saw 120 deals, with notable investments in Byju’s and iBus Network.
Private equity and venture capital investments in February totaled USD 2.2 billion, down 39% from the previous year. The month saw 120 deals, surpassing January and February 2023, with notable investments in Byju’s and iBus Network. The decline in investments was attributed to a 67% decrease in month-on-month basis, making it the second lowest monthly total since February 2021. Large deals of USD 100 million or above dropped significantly to USD 1 billion in February. Byju’s USD 200 million rights issue and NIIF’s investment in iBus Network were the largest transactions for the month. The overall activity of USD 2.2 billion included buyouts, which accounted for USD 750 million, and startup investments totaling USD 554 million. The sectors with the largest investments in February were infrastructure, technology, and financial services. The month also recorded 39 exits worth USD 2.9 billion and a total fundraise of USD 1.3 billion. Overall, the report highlighted a cautious optimism amidst the ongoing election cycle in India and globally.
