Private Equity

PE-VC Fund Investments

PE-VC investments decline 43% to $5.3 B in Q2'25

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Private Equity - Venture Capital (PE-VC) firms invested over $5.3 Billion (across 248 deals) in Indian companies during Q2’25, shows early data from Venture Intelligence. The Q2'25 investment amount represents a 43% fall over the $9.3 Billion (across 275 deals) invested in the same period during 2024. (Note: These figures exclude PE investments in Real Estate).The fall in deal value is also similar when compared to the immediate previous quarter (Jan-Mar 2025), which witnessed $9.6 Billion being invested across 271 deals, Deal volumes in Q2'25 decreased by 10% compared to Q2'24 and 8% compared to the immediate previous quarter.The latest quarterly numbers take the PE-VC investment figures for the first 6 months of 2025 to $14.9 Billion (across 519 deals) which is 10% lower compared to the same period in 2024 (which saw $16.6 Billion being invested across 542 deals).Q2’25 witnessed 12 mega deals ($100 M+ rounds) worth $3 Billion, compared to 25 such investments (worth $6.6 Billion) in Q2’24 and 21 such deals (worth $6.9 Billion) in the immediate previous quarter.The largest PE-VC investment in Q2’25 was the $878 Million investment in a publicly listed IDFC FIRST Bank by Warburg Pincus and ADIA. Goldman Sachs investing $600 Million in Jubilant Bhartia Group (to support the acquisition of Coke's India bottling unit) was the second biggest deal of the quarter. This was followed by $202 Million investment in personal finance unicorn Groww by GIC and Iconiq Capital. The $200 million investment in hyperlocal logistics unicorn Porter by Kedaara Capital, Vitruvian Partners and Wellington Management was the fourth largest deal. The $175 million investment in animal pharma player Felix Pharmaceuticals by Advent International and a similar amount in IKF Finance by Motilal Oswal Alternates, Norwest and other investors completed the top five investments for the period.Click Here to read the full press release, including graphs and the table of top deals.Venture Intelligence Subscribers will receive detailed reports over the next few days.