New Delhi: Private equity (PE) and venture capital (VC) investments in the country stood at $20.5 billion across 786 transactions in 2018 on account of tech-enabled start-ups, e-commerce and information technology-enabled services, according to a report by Grant Thornton. The funding in 2018 was the same as the investment in the preceding year, the assurance, tax and advisory firm said.
“The top trending themes during the year were revival of start-ups, continued uptick in control deals and larger bets, and increased focus of sovereign wealth funds towards Indian assets. Start-ups accounted for 59 per cent of the total PE investments recorded in 2018 by values and 26 per cent by volume,” said Vrinda Mathur, partner, Grant Thornton India LLP. In terms of the size of investments, the sharp increase in the PE and VC funding was due to 47 deals valued at USD 100 million or greater.
