Skip to main content

PE-VC investments in Q2'22 decline 24% to $11.6 Billion

By
Private Equity-Venture Capital (PE-VC) investments in India during the quarter ended June 2022 (Q2'22), at $11.6 Billion across 322 deals, registered an over 23.7% 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 28.1% compared to the immediate previous quarter (which saw $16.1 Billion being invested across 391 deals) and marked three continuous quarters of decline, shows data from Venture Intelligence, a research service focused on private company financials, transactions, and their valuations.

However the PE-VC investment figures for the first 6 months of 2022 - at $27.6 Billion (across 713 deals) - was 16% higher compared to the same period in 2021 (which saw $23.9 Billion being invested across 526 deals).

Fewer Unicorns

The latest quarter saw the minting of 4 new Unicorns - Leadsquared, Purplle, PhysicsWallah, and Open Financial Technologies - compared to 11 in Q2'21 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% compared to the same period last year (which saw $10.1 Billion being invested in Unicorn Startups).


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% 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 consortium comprising private equity 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.


By Industry

IT & ITeS companies accounted for $6.3 Billion of the total investment pie in Q2'22, lower by 39% when compared with Q2'21 (which saw $10.4 Billion being invested).  This was led by the $805 million fundraise by Dailyhunt (from Sumeru Ventures, Luxor Capital, Ontario Teachers Pension Plan, Sofina, Baillie Gifford, and CPPIB)  and the $270 million raised by Neobank Stashfin (from Altara Ventures, Uncorrelated Ventures, Abstract Ventures, Snow Leopard Technology Ventures, and others). Chinese technology giant Tencent acquired an additional stake worth $264 million in e-commerce player Flipkart from the latter's co-founder Binny Bansal.


The BFSI industry attracted about $1.3 Billion in Q2'22 - a 88% spike compared to the $0.7 Billion in Q2'21. The acquisition of IDFC AMC by a consortium comprising private equity investors GIC, ChrysCapital, and others for $593 million topped the BFSI list, followed by ADIA’s $282 million investment in IIFL Home Finance for a 20% stake.

The Healthcare & Life Sciences industry saw $900 million worth of investments in Q2'22, down by 39% compared to the $1.5 Billion invested in Q2'21. ADIA invested $262 million in Ahmedabad-based Intas Pharmaceuticals for a 3% stake. This was followed by a $136 million investment in Dr. Agarwals Healthcare by TPG Growth and Temasek.

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.

(Venture Intelligence Subscribers will be mailed detailed reports of the PE-VC action during Q2'22 in the next few days.)

Labels

Labels:

Popular posts from this blog

Avendus tops League Table for Transaction Advisors to PE deals in H1'24

By
Citi and Ambit claim the No.2&3 slots Avendus topped the Venture Intelligence League Table for Transaction Advisor to Private Equity Transactions in H1’2024 advising 12 deals worth $2.4 Billion. Citi stood second, having advised 1 deal worth $2 Billion. Ambit followed with 7 deals worth $797 million. Kotak Mahindra Capital ($735 million across 2 deals) and Ernst & Young ($657 million across 7 deals) completed the top five for H1’ 2024. The  Venture Intelligence League Tables , the first such initiative exclusively tracking transactions involving India-based companies, are based on the value of PE and M&A transactions advised by Financial and Legal Advisory firms. Among the larger deals in the latest quarter, Citi, KPMG , Ernst & Young advised $2 Billion acquisition of the Indian business of American Tower Corporation by Brookfield . Avendus, Ernst & Young, JM Financial, Barclays and KPMG advised $ 554 million acquisition of Shriram Housing Finance by Warb...
Read more

Citi tops League Table for Transaction Advisors to M&A deals in H1'24

By
  Ernst & Young and Avendus claim the No.2 & No.3 slots Citi , which advised the  $2 Billion acquisition of the Indian business of American Tower Corporation by Brookfield,  topped the Venture Intelligence League Table for Transaction Advisors to M&A Deals   during H1 2024. Ernst & Young stood second advising 8 deals worth $1.5 billion. Avendus followed with 7 deals worth $1.2 billion. KPMG ($1.1 billion across 5 deals) and JM Financial ($900 million across 4 deals) completed the top five. The  Venture Intelligence League Tables , the first such initiative exclusively tracking transactions involving India-based companies, are based on the value of PE and M&A transactions advised by Financial and Legal Advisory firms. Among the other larger M&A deals in H1 2024 (other than the  ATC-Brookfield deal) , Ernst & Young, KPMG and Deloitte advised $1.1 Billion acquisition in PNC Infratech 12 Road Projects by Highways Infrastructure Tr...
Read more

AZB tops League Table for Legal Advisors to PE deals in H1’24

By
Trilegal and Khaitan & Co. claim the No.2 & No.3 slots AZB & Partners (AZB) topped the Venture Intelligence League Table for Legal Advisor to Private Equity Transactions in H1 2024 advising 41 deals worth $5.4 Billion. It was followed by Trilegal ($5.1 Billion across 54 deals) and Khaitan & Co. (4.8 Billion across 46 deals) in the second and third spot respectively. Cyril Amarchand Mangaldas (CAM) ($2.9 Billion across 34 deals) and Talwar Thakore & Associates ($2.4 Billion across 9 deals) completed the top five. Among the larger Private Equity deals during H1’2024, Khaitan & Co., Talwar Thakore & Associates, S&R Associates ,and Trilegal a dvised the $2 Billion acquisition of the Indian business of American Tower Corporation by Brookfield which was the largest PE-VC investment in 2024 . AZB advised the $900 Million acquisition of Altimetrik by TPG Capital and the $840 Million acquisition of Healthium Medtech by KKR . Resolut Partners , Khaitan & ...
Read more

AZB & Partners tops League Table for Legal Advisors to M&A deals in H1’24

By
Khaitan & Co. and J Sagar Associates claim the No.2 & No.3 slots AZB & Partners topped the Venture Intelligence League Table for Legal Advisor to M&A Transactions during H1 2024 advising 37 deals worth $14.8 Billion. It was followed by Khaitan & Co. ($12.8 Billion across 32 deals) and J Sagar Associates (JSA) ($9.8 Billion across 13 deals). Cyril Amarchand Mangaldas (CAM) ($6.2 Billion across 38 deals) and Trilegal ($4.8 Billion across 20 deals) completed the top five. Among the largest M&A deals during H1 2024, AZB, JSA and Khaitan & Co. advised $8.5 Billion acquisition of Disney Hotstar by Reliance Jio . S&R Associates , Talwar Thakore & Associates (TTA), Khaitan & Co. and Trilegal advised the $2 Billion buyout deal   of  ATC India by Canadian infrastructure investor Brookfield Asset Management . CAM advised the $1.3 Billion in the acquisition of a  further  stake in Ambuja Cement  by Adani Enterprises . Among fo...
Read more

VC Interview: Shailendra Singh of Sequoia Capital India

By
In a recent interview to Venture Intelligence, Shailendra Singh discussed some of the firm’s newer investments in the early stage segment including in the online payments space, the progress at a few existing portfolio companies and the active role the firm is playing in helping its portfolio companies scale and succeed in India and globally. Prior to joining the firm in 2006, Singh was a strategy consultant at Bain & Company in New York and before that, an entrepreneur in the digital media industry. Venture Intelligence: How does Sequoia go about identifying potential early stage investments in India? Is there anything different you are doing today than, say, a couple of years back? Shailendra Singh: There is a lot more focus on technology investing and early stage investing. In general, as you might remember a few years ago, we were doing primarily growth investing but in the past 18-odd months, we have had a very strong focus on early stage and that’s continuing. In terms...
Read more