Private equity investments in India surged to $15 billion in 2024, making a 46.2 per cent increase from the previous year, as per the data analysed by LSEG Deals Intelligence.
This epic growth was driven by sectors such as healthcare, and pharmaceuticals, consumer-related industries, and technology.
First on the list is Data Infrastructure Trust, which has secured $2.17 billion in a significant deal involving 1 transaction across 3 firms.
The second on the list is Kiranakart Technologies Pvt Ltd. It has made waves with 4 deals totalling $1.36 billion. The company, operating in the Internet sector, focuses on the thriving e-commerce landscape in India.
Alongside Kiranakart, Manash Lifestyle Pvt Ltd and Meesho Payments Pvt Ltd have also marked their presence with deals valued at $298.3 million and $275 million, respectively.
Talking about the Transportation sector, Hyundai Motor India Limited attracted attention with a $989 million investment. With this, another notable investment comes from Fourth Partner Energy Pvt Ltd, which secured $274 million in the Industrial/Energy sector.
Meanwhile, technology and consumer-oriented companies also made a special moment in 2024. Axelia Solutions Pvt Ltd garnered $216 million, while PhysicsWallah Pvt Ltd attracted $210 million, both within the Internet-specific sector.
Moreover, Rebel Foods Pvt Ltd, known for its cloud kitchen model, secured $210 million, indicating a robust demand for food delivery services.
Meanwhile, Mintifi Pvt Ltd, with its focus on Computer Software, raised $180 million, showcasing the continued growth of software solutions in various sectors.
Internet-Specific Investments Soar
This sector has emerged as a powerhouse in the investment realm, with 368 deals totalling $4.49 billion in equity invested with a 15.8 per cent year-on-year increase. The number of participating companies reached 326, indicating a robust interest in digital ventures.
Communications Saw Surprising Surge
The Communications industry saw a staggering increase of 5963.4% in equity investment, despite only 7 deals worth $2.22 billion. This anomaly suggests that strategic investments in communications infrastructure are becoming a priority, possibly in response to heightened global connectivity needs.
Software and Transportation Has Mixed Results
While the Computer Software sector recorded 393 deals with $2.18 billion invested, it experienced a 16.8% decline from the previous year. Conversely, the Transportation industry demonstrated resilience with 49 deals and $1.54 billion invested, reflecting a 61.9% increase in interest.
Financial Services and Consumer-Related Investments
Investment in Financial Services surged, with 63 deals and a 105.5% increase in equity invested, totalling $1.32 billion. Similarly, Consumer-related sectors saw 134 deals and an impressive 172.1% increase, indicating robust consumer confidence and spending patterns.
Healthcare Sector Gains Momentum
The Medical/Health sector reported a notable 66.4% increase in investments, with $817 million distributed across 58 deals. The Biotechnology industry also thrived, with a 503.7% increase, emphasizing the growing importance of healthcare innovation and research.
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