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Private equity investments in India jumped 36 per cent in calendar 2018 to $33.1 billion across 720 transactions, from $24.3 billion from 734 deals in 2017, according to Venture Intelligence, a research service focussed on PE and VC deals.
PE investments in 2018 had surpassed those in 2017 in the first nine months of the year itself, two mega deals – in food delivery start-up Swiggy and edutech venture Byju’s – resulted in the 36 per cent jump for the year.
According to Venture Intelligence, there were 81 deals worth $100 million or more, accounting for 77 per cent of the total investment value, compared with 47 such transactions in 2017. Of these, 40 were larger than $200 million against 30 such deals in 2017.
Large-ticket deals
The large-ticket deals in 2018 included Swiggy’s $1-billion raise from Naspers and Tencent, Oyo’s $800 million led by SoftBank Vision Fund with an additional commitment of $200 million, Paytm’s $445 million from SoftBank and Alibaba for its e-commerce business Paytm Mall, and $356 million from Berkshire Hathaway by Patym’s parent company One97 Communications.
According to Venture Intelligence, eight new Unicorns were born in 2018 – Oyo, PolicyBazaar, Swiggy, Paytm Mall, Byju’s, BillDesk, Freshworks and Udaan.
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