A ToI article quotes Venture Intelligence data on Private Equity & Venture Capital exits in India:
Driven by the Walmart-Flipkart deal, the year has so far seen nearly $22 billion worth of exits till date through more than 160 deals, according to data from research firm Venture Intelligence. While 2017 saw $14.5 billion for the whole year, previous years saw less than $10 billion.
Analysts point out that while the Flipkart deal contributed to a chunk of the deal size in terms of value ($12 Billion), the mood among investors also favours exits. "IPOs, M&A exits and acqui-hires have contributed to the 165 deals so far. Among IPOs, the engineering firm Varroc went public where Tata Capital sold its entire stake in the company. AU finance saw Kedaara Capital and Warburg making a partial exit," said Venture Intelligence MD Arun Natarajan.
With unicorns raising funds and consequently giving exits to smaller investors, there is an emergence of funds such as TR Capital and Madisson that concentrate mainly on secondary investments, paving the way for more exits. Fashion e-commerce player Nykaa saw TVS Capital sell its stake to Lighthouse Ventures in a Rs 113-crore deal and edtech startup Unacademy gave an exit with 150% internal returns to Waterbridge, which had invested $1 million in 2016.Click here to continue reading.
Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.