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.

PE-VC investments in Q2'23 decline 33% to $9.9 Billion

Private Equity-Venture Capital (PE-VC) investments in India during the quarter ended June 2023 (Q2'23), at $9.85 Billion across 182 deals, registered a 33% decrease compared to the same period in 2022 (which saw $14.6 Billion being invested across 371 deals). The investment amount however rose 74% compared to the immediate previous quarter (which saw $5.7 Billion being invested across 181 deals), shows data from Venture Intelligence , a research service focused on private company financials, transactions, and their valuations. The PE-VC investment figures for the first 6 months of 2023 - at $15.5 Billion (across 363 deals) - was 50% lower compared to the same period in 2022 (which saw $31 Billion being invested across 800 deals). Q2’23 witnessed 19 mega deals ($100 M+

PE-VC investments fall 29% in 2022 to $46 Billion

Press Release: Private Equity - Venture Capital (PE-VC) firms investments in India fell by 29% in 2022 compared to the record highs of 2021. PE-VC firms invested $46 Billion (across 1,261 deals) in Indian companies in 2022, compared to $65 Billion (across 1,362 deals) in the previous year, reports Venture Intelligence , a research service focused on private company financials, transactions, and their valuations. (Note: These figures include Venture Capital type investments, but exclude PE investments in Real Estate). India minted a total of 21 " Unicorn" companies (VC-funded startups valued at $1 Billion or more) in 2022, 18 of them during the first six months of 2022 and less than half the 44 Unicorns minted in 2021. In fact, the final quarter of 2022 did not see any new unicorns being created. SaaS companies accounted for 29% of all the new unicorns in 2022,

Blackstone, Temasek, Motilal Oswal and Stakeboat Capital win APEX'23 Private Equity Awards

Blackstone, Temasek, Motilall Oswal and Stakeboat Capital were awarded as among the leading Private Equity investors in India for 2022 as part of Venture Intelligence APEX‘23 Private Equity & Venture Capital awards event in Mumbai. The Venture Intelligence “Awards for Private Equity Excellence” (APEX) is dedicated to celebrating the best that the Indian Private Equity & Venture Capital industry has to offer. The APEX Awardees are selected based on both Self Nomination by the participating PE-VC firms as well as "crowd sourced" nominations and voting from the Limited Partner, PE-VC and advisory communities. (The main criteria are Exit Track Record, New Fund Raises & Follow-on Funding Rounds for Portfolio Companies) Temasek received the Private Equity Fund of the Year 2022 Award on the back of strong part exits during from year from Intas Pharma (with an over 7.5x return); Devyani International (with ~4.8x) and Crompton Greaves Consumer Electricals (with ~3.5x).

Avendus tops League Table for Transaction Advisors to PE deals in Q1'23

Aeka Advisors and Ambit claim the No.2 & 3 slot Avendus topped the Venture Intelligence League Table for Transaction Advisor to Private Equity Transactions for Q1 2023 advising 5 deals worth $808 million. Aeka Advisors stood second having advised 3 deals worth $228 million. Ambit followed with 4 deals worth $160 million. Ernst & Young ($114 million across 4 deals) and o3 Capital ($80 million across 2 deals) completed the top five for Q1 2023. Avendus acted as advisor to ADIA’s $500 million investment in omnichannel eyewear retailer Lenskart . Aeka Advisors acted as advisor to Kreditbee’s $160 million fundraise from Advent International, Mitsubishi UFJ Financial Group (MUFG) and existing investors. Ambit advised the $104 million fundraise of Freshtohome from Mount Judi Ventures, Iron Pillar, Amazon and others. The Venture Intelligence League Tables , the first such initiative exclusively tracking transactions involving India-based companies, are based on the value of PE

Avendus tops League Table for Transaction Advisors to Private Equity deals in 2022

Ernst & Young and JM Financial claim the No.2 & 3 slots Avendus topped the Venture Intelligence League Table for Transaction Advisor to Private Equity Transactions in 2022 advising 34 deals worth $5.4 Billion. Ernst & Young stood second advising 11 deals worth $1.25 Billion. JM Financial followed with 3 deals worth $1.04 Billion. Ambit ($1 Billion across 14 deals) and Morgan Stanley ($810 million across 2 deals) completed the top five for 2022. Avendus advised deals included Mobile Content and News aggregator Unicorn Dailyhunt’s $805 million fundraise from Sumeru Ventures, Luxor Capital, Ontario Teachers Pension Plan, Sofina, Baillie Gifford, and CPPIB. Ernst & Young advised the $775 million purchase of six toll road projects from Welspun Enterprises by Actis. Citi and JM Financial advised the $593 million acquisition of IDFC Asset Management Company by a consortium comprising Bandhan Financial Holdings Limited and private equity investors GIC and ChrysCapi

The Venture Intelligence Blog

Search This Blog