Private Equity

PE-VC Fund Investments

At $33-B, PE-VC investments in 2025 end flat compared to 2024

VI Press Release   Venture Intelligence Subscribers  

Private Equity - Venture Capital (PE-VC) firms invested $33 Billion (across 1,164 deals) in Indian companies in 2025, almost exactly as that invested in 2024 (across 1,263 deals), according to data from Venture Intelligence. (Note: These figures exclude PE investments in Real Estate).2025 witnessed 9.2% fewer mega deals ($100 M+ rounds) at 69 deals (worth $21.3 Billion), compared to 76 such investments (worth $21.6 Billion) in 2024. The $1.6 Billion investment in Haldiram Snacks - by Temasek, Alpha Wave Global and other investors - was the largest PE-VC investment in 2025. This was followed by the $1 Billion fund raise by TCS HyperVault - the data center subsidiary of Tata Consultancy Services (TCS) - from TPG and the similarly sized buyout of housing finance provider Sammaan Capital by Abu Dhabi-based International Holding Co. The $862 million investment in publicly-listed private sector lender IDFC First Bank by Warburg Pincus and ADIA; the $704 million investment in Federal Bank by Blackstone through preferential issue completed the Top 5 deals of 2025.IT & ITeS companies accounted for $13.1 Billion of the total PE-VC investment pie in 2025, an increase of 15% when compared with 2024 (which saw $11.4 Billion being invested). The $600 Million secondary investment in UPI services provider PhonePe by General Atlantic topped the tech investments table, followed by the $450 million investment led by California Public Employees’ Retirement System (CalPERS) in quick commerce provider Zepto.Venture Intelligence Subscribers will receive detailed reports over the next few days.