Private Equity

PE Fund Investments

PE-VC investments in Q2'22 decline 25% to $11.3 B

Press Release  

Private Equity-Venture Capital (PE-VC) investments in India during the quarter ended June 2022 (Q2'22), at $11.3 Billion across 315 deals, registered an over 25% decrease compared to the same period in 2021 (which saw $15.2 Billion being invested across 264 deals). The investment amount was also down almost 30% compared to the immediate previous quarter (which saw $16 Billion being invested across 390 deals) and marked three continuous quarters of decline, shows data from Venture Intelligence. However the PE-VC investment figures for the first 6 months of 2022 - at $27.4 Billion (across 705 deals) - was 15% higher compared to the same period in 2021 (which saw $23.9 Billion being invested across 526 deals). The $805 million investment into mobile-based Content and News aggregator Unicorn – Dailyhunt (from Sumeru Ventures, Luxor Capital, Ontario Teachers Pension Plan, Sofina, Baillie Gifford, and CPPIB) - accounted for 7% of PE-VC investment pie in Q2'22. The other top PE-VC deals of Q2'22 included the $775 million purchase of six toll road projects from Welspun Enterprises by Actis and $593 million acquisition of IDFC AMC by a consortium comprising private equity investors GIC, ChrysCapital, and others. This was followed by a $304 million pre-IPO fundraise by logistics tech startup Delhivery and a $285 million fundraise by Hindustan Ports, a local arm of UAE-based DP World operating five container terminals in India. The latest quarter saw the minting of 4 new Unicorns - Leadsquared, Purplle, PhysicsWallah and Open Financial Technologies - compared to 11 in Q1'21 and 14 in the immediate previous quarter. Overall, Unicorn Startups in India attracted close to $8.5 Billion worth of investments in H1'22, - down by 16% compared to the same period last year (which saw $10.1 Billion being invested in Unicorn Startups).