Private equity (PE) and venture capital (VC) funds invested $4 billion in November 2024, a 156% jump compared to the same month in 2023, according to a report by IVCA and EY. However, the figure was 15% lower than October’s $4.7 billion.
The month witnessed 87 deals, a 47% rise from 59 transactions in November 2023. Pure-play PE/VC investments totaled $3.5 billion, up 297% from $873 million a year earlier and 27% higher than October’s $2.7 billion.
Despite a strong start to 2024, geopolitical tensions, US election uncertainties, and inflation have impacted the market. Vivek Soni, Partner at EY, noted that a gap between seller expectations and buyer valuations also influenced deal-making.
Also Read: India Launches G20 Talent Visa To Attract Leading Global Scholars & Experts
Buyout investments led November’s activity with $1.6 billion, followed by $1.1 billion in startup funding. Sector-wise, industrial products attracted the most investment at $1 billion, followed by financial services ($723 million) and e-commerce ($550 million).
Real estate and infrastructure saw a 20% decline, with investments totaling $566 million compared to the year-ago period.
November recorded 15 exits worth $3.7 billion, a significant increase from $1.2 billion across 22 exits in November 2023.
Fundraising also gained momentum. Eight funds raised $1.1 billion in November, nearly triple the $401 million raised by six funds in November 2023.
The report underscores a mixed market landscape, with robust growth in investments and exits but challenges posed by global uncertainties.
Two Indian nationals convicted in separate murder cases have been executed in the United Arab…
The incident occurred on Jaishankar’s second day in the UK. Pro-Khalistan protesters gathered across the…
In February, M&M recorded a 19% sales increase, significantly outperforming the industry’s 13.6% growth.
Lenovo plans to achieve 100% local PC production, including AI models, in three years, supporting…
PM Narendra Modi inaugurated the wildlife conservation, rescue, and rehabilitation project during his visit to…
India’s chemical industry revenue grew at a CAGR of 10.5% from FY18 to FY24, outpacing…