PE/VCs invest $6.8 billion in Indian business in November: Report

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Agent image Investments by personal equity and equity capital funds in November stood at $6.8 billion throughout 102 deals, which is double by worth when compared with the pandemic-impacted year-ago period but half of the bets in the preceding month of October, according to a report.In November 2020, such high-risk investors had infused$ 3.9 billion, while in October, the overall financial investments had stood at$13.1 billion, the regular monthly information shared by market lobby IVCA and the consultancy EY said.The overall investments in the very first 11 months of the year have actually touched$72.6 billion, which is 53 per cent greater than the all-time high for a year attained in 2020, it said.In November, the activity was controlled by$ 2.4 billion of financial investments into start-ups and exits by personal equity companies in nine preliminary public offerings, EY’s partner Vivek Soni stated.”Although India has discovered itself in a macro-economic and geo-political sweet area, drawback threats

remain. The rise in domestic inflation on account of surging worldwide energy prices, any prospective slowdown in the federal government’s reform program in view of upcoming crucial state elections and the hazard of a brand-new variant driven third COVID wave stay key speed bumps to see out for in the coming months,”he added.November taped 17 big deals of over$100 million each which alone totalled to$ 5.4 billion, while the pure-play PE and VC investments (excluding the ones in infrastructure and realty )stood at $5.7 billion, it said.The largest offers in November consist of the $1.5 billion buyout of Encora Digital by Development and $840 million financial investment

in Dream11 by a group of investors consisting of Falcon Edge, D1 Capital, Tiger Global, TPG and others, it stated, adding technology was the favourite sector for investments, followed by e-commerce. The month recorded 21 exits worth $3.6 billion, as against$974 million in November 2020 and$5.3 billion in October.Total funds

raised for investments in the future stood at$610 million compared to$ 20 million in November 2020 and $70 million raised in October 2021, the report said. Published at Thu, 16 Dec 2021 03:39:24 -0600