Mumbai: With the nine-month investment tally touching $13 billion across 504 transactions, the private equity investments in India for 2015 are poised to cross the highs of 2007, which had witnessed $14.7 billion being invested across 535 transactions.
According to Venture Intelligence, a PE tracking firm, PE firms invested a record $5,893 million across 177 deals during the quarter ended September 2015, up 125 per cent over that invested in the same period last year. According to it, over half of the investment made in the third quarter of 2015 has flown into IT and ITeS companies.
“There has been a significant rise in the deal size, which shows the enormous amount of confidence that investors have placed in the Indian market. While last year, it was internet related firm which bagged majority of investments, this year the PE investment has gone into a wide array of sectors. Going by the current trend, 2015 will see the highest investment ever by PE firms,” said Arun Natarajan, chief executive officer (CEO), Venture Intelligence.
There were 16 PE investments worth $100 million or more during Q3 2015 compared to three in the same period last year and 11 during the immediate previous quarter. While e-commerce giant Flipkart raised $700 million in last quarter, its rival Snapdeal raised $500 million.
