The Indian private equity and venture capital investments declined by about 35% to around $39 billion in 2023 from $62 billion in 2022, according to a joint report by Bain & Company and IVCA released on Thursday. The private equity investments in India dropped by 18% to $29.6 billion from a peak value of $36 billion in 2022.
The drop in VC investments was much sharper, with total investments at $9.6 billion in 2023 versus $25.7 billion in 2022.
"Mirroring the global trend, Indian private equity and venture capital (PE-VC) investment softened by about 35% from approximately $62 billion in 2022 to around $39 billion in 2023, returning to pre-Covid-19 activity levels," the report said.
The report saw 2023 as a marquee year for Indian exits with exit values soaring by 15% to $29 billion with sale of shares in 340 entities.
"In a year marked by global economic uncertainties, India's private equity landscape demonstrated remarkable resilience, with exit values surging by approximately 15% to reach $29 billion in 2023."
"With India emerging as a key player in Asia-Pacific PE-VC activity, the influx of capital from both domestic and global funds signifies a promising future," Indian Venture and Alternate Capital Association President Rajat Tandon said.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
