TLDR:
- Private equity investments in India increased by 75% in the second quarter, reaching $3.6 billion.
- India remains a critical market for private equity, accounting for 22% of total inflows in Asia Pacific.
After experiencing a funding winter following the Russian war on Ukraine, private equity investments in India saw a significant improvement in the second quarter of 2024. Inflows reached $3.6 billion, marking a 75% increase compared to the previous quarter. The total inflows for the year so far stand at $5.7 billion, although this represents a 3.6% decrease from the previous year.
According to LSEG Deals Intelligence, India remains a crucial market for deploying private equity capital, capturing 22% of the total inflows into Asia Pacific in the first half of 2024. This is an increase from the 19% market share in the first half of 2023. The country’s strong economic growth, thriving domestic equity capital markets, dynamic startup ecosystem, and expanding consumer market make it an attractive destination for private equity and venture capital firms.
The top 10 PE deals in India for the year so far include investments in companies such as Kiranakart Technologies, Meesho Payments, and Axelia Solutions. Private equity and venture capital firms are expected to continue focusing on various sectors in India, including technology, healthcare, renewable energy, and infrastructure.
