PE-VC investments fell by 8% in January-November
December 17, 2020
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Private equity and venture capital (PE-VC) investments fell by a marginal 8 per cent during January-November to $41.4 billion across 852 deals, on the back of the $17.3 billion raised by Reliance group companies.
Reliance group entities accounted for 42 per cent of all PE-VC investments during the reporting period, while $4.9 billion-exits were recorded across 129 deals. The number of deals for the period fell by 11 per cent compared to same period last year (953 deals in 2019), according to a report by Indian Private Equity & Venture Capital Association and EY (IVCA-EY).
“Due to large investments in the group entities of Reliance Group (Jio Platforms and Reliance Retail) during the second quarter and second-half of 2020, headline numbers for PE-VC investments in 2020 till date have been far better than anticipated. However, if we were to exclude the Reliance group entity deals, PE-VC investments in 2020 til