PE-VC Investments drop 57% month-on-month to less than $1 Billion in Feb 2023; Exits drop by a third

Private Equity-Venture Capital (PE-VC) investments in Indian companies dipped to less than $1 Billion ($900 million across 45 transactions) during the Month of February 2023, shows data from Venture Intelligence, a research service focused on private company financials, transactions, and their valuations.

The deal value represents a 57% decline compared to the immediate previous month (which saw $2.1 Billion being invested across 76 deals) and an over 85% decline from February 2022 (which saw $6.3 Billion being invested across 127 deals). (Note: These figures include Venture Capital type investments, but exclude PE investments in Real Estate). The latest monthly figures take the total PE-VC investments during 2023 to $3 Billion (across 121 deals)

PE-VC Investments in India
Period	No. of Deals	Amount ($B)
2023 YTD*	121	3.0
2022	1271	46.6
Feb/2023	45	0.9
Jan/2023	76	2.1
Feb/2022	127	6.3
		Source: Venture Intelligence
Note:* Data as of February 28,2023

PE-VC Investments in India (M-o-M)
Month	No. of Deals	Amount ($B)
2022
Jan	141	5.2
Feb	127	6.3
Mar	153	4.9
Apr	118	6.0
May	108	3.5
Jun	124	4.4
Jul	86	3.2
Aug	105	2.0
Sep	86	1.7
Oct	81	2.9
Nov	77	3.4
Dec	65	3.2
2023 YTD*
Jan	76	2.1
Feb	45	0.9
Note:* Data as of February 28,2023		Source: Venture Intelligence

Mega Deals

February witnessed 4 PE investments worth $100 million or more, compared to 6 mega deals in the previous month and 17 such transactions in February 2022

Mega PE-VC Deals ($100M+ Deals)
Month	No. of Deals	Amount ($B)
Feb/2023	4	0.4
Jan/2023	6	1.2
Feb/2022	17	5.0
		Source: Venture Intelligence

Top PE-VC Investments In India
Company	Sector	Investor	Amount ($M)
Feb/2023
Tl Clean Mobility	Automobiles (Electric Vehicles - Two Wheelers)	Multiples PE, Others	145
Freshtohome	E-Commerce (Consumer Shopping - Sea Food)	Mount Judi Ventures, Iron Pillar, Amazon, InvestCorp Group, Ascent Capital, Investment Corporation of Dubai, Others	104
Gram Power	Mobile App (Energy Management)	I Squared Capital	100
PhonePe	Online Services (Payments - UPI)	Ribbit Capital, TVS Capital, Tiger Global	100
Acceldata	Enterprise Software (SaaS - Data Observability)	March Capital, Insight Venture Partners, Others	50
Ushur	Enterprise Software (SaaS - Artificial Intelligence - Bots - CRM)	Pentland Ventures, 8VC, Aflac Ventures, Iron Pillar, Others	50
Pan Health	Wellness	Motilal Oswal	49
Note:* Data as of February 28,2023			Source: Venture Intelligence

Exits Witness Decline

PE-VC firms harvested $600 million across 10 exit deals during February 2023- a decline of about 33% compared to the immediate previous month (which saw 15 deals worth $900 million). 

PE-VC Exits in India
Period	No. of Deals	Amount ($B)
2023 YTD*	25	1.5
2022	227	17.8
Feb/2023	10	0.6
Jan/2023	15	0.9
Feb/2022	10	0.6
		Source: Venture Intelligence
Note: *Data as of February 28,2023

The above data is sourced from the Venture Intelligence PE-VC Deal Database, India's first and most comprehensive database of Private Equity-Venture Capital transactions.

For more details, login to the Venture Intelligence PE-VC Deals database or Email your Contact Coordinates to sales@ventureintelligence.com to set up a trial.