TLDR:
PE investments in India have rebounded strongly in Q1 2024, with an increase in both volume and value. The market shows signs of recovery, with notable investments in sectors such as renewable energy.
Summary:
Private equity (PE) investments in India saw a notable resurgence in Q1 2024, with 310 deals worth $5.2 billion recorded, marking a 26.5% YoY increase in volume and 61.8% YoY increase in value. The most active sector was angel/seed investments, dominating the landscape with a 52.6% share of deals. The largest deal was a $1 billion investment in SAEL, a green energy company. Venture capital investments dropped 27.6% YoY, with notable investments in companies like Meesho and Perfios Software Solutions. The shift in funding reflects a move towards diversified investment strategies and a positive outlook for the Indian PE landscape.
