Comments
Private Equity-Venture Capital (PE-VC) investments in India during the quarter ended June 2022, at $11.3 billion across 315 deals, registering an over 25 per cent 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 per cent compared to the immediate previous quarter (which saw $16 billion being invested across 390 deals). It marked three continuous quarters of decline, showing data from Venture Intelligence, a Chennai-based research service focused on private company financials, transactions, and valuations.
However, the PE-VC investment figures for the first six months of 2022 - at $27.4 billion (across 705 deals) - were 15 per cent higher than the same period in 2021 (which saw $23.9 billion being invested across 526 deals).
Fewer Unicorns
The June quarter saw the minting of four 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 per cent compared to the same period last year (which saw $10.1 billion being invested in Unicorn Startups), says the research.
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 per cent 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 the $593 million acquisition of IDFC AMC by a private equity consortium 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 research said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.