TLDR:
- PE-VC investments fell by $3.8 billion in April 2024 compared to the previous year.
- Number of deals marginally dropped in Jan-April CY2024.
Article Summary:
According to data released by Venture Intelligence, Private Equity-Venture Capital (PE-VC) investments saw a significant decline of $3.8 billion in April 2024 compared to the previous year. The total value of investments in Jan-April CY2024 stood at $8.1 billion, down from $12.3 billion during the same period in CY2023. The number of deals also slightly decreased from 302 deals to 294 in Jan-April CY2024.
The top investment in April 2024 was by Apollo Health Co Limited, a subsidiary of Apollo Hospitals Enterprise Limited, which raised equity capital of Rs 2,475 crore from global private equity investor Advent International. Founder of Venture Intelligence, Arun Natarajan, expressed optimism for a recovery in the second half of 2024, particularly in the healthcare & life sciences industry.
Overall, the PE-VC landscape is showing signs of recovery, with notable investments in the healthcare sector and new bets being made by VC firms like Blume Ventures and Fireside Ventures. While the numbers reflect a decrease in investments, the industry remains dynamic and poised for growth in the coming months.
