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PE investments jump 55% to all-time high of $24 bn across 591 deals in 2017

Flipkart received India's largest ever PE investment of $2.5 billion in a single round from Softbank

Press Trust of India  |  New Delhi 

Photo: Shutterstock
Photo: Shutterstock

firms invested $23.8 billion across 591 deals in 2017, making it the biggest year for PE in India, says a report.

According to deal tracker Venture Intelligence, the value is 39 per cent higher than the previous high of $17.1 billion (recorded in 2015) and 55 per cent higher than $15.4 billion invested during 2016.

In terms of number of deals the year 2017 saw 21 per cent less activity as compared to 2016 (731 deals), indicating large number of big-ticket transactions.

"The year witnessed 31 deals with size greater than USD 200 million, aggregating to $15.4 billion or 65 per cent of the total investments," the report said.

These figures include investments, but exclude PE in

In terms of industries, IT/ ITeS companies accounted for 45 per cent of the value pie attracting $10.7 billion worth across 325 transactions.

received India's largest ever PE of $2.5 billion in a single round from and another $1.4 billion from strategic investors Tencent, and

also invested $1.4 billion in mobile wallet and payments firm One97 Communications, which owns the brand.

BFSI (Banking, Financial Services and Insurance) companies continued to enjoy the second spot attracting $4.40 billion across 61 transactions.

The sector was led by Bain Capital's $1.04 billion in Axis Bank -- the largest ever single in the sector -- and Warburg Pincus' $384 million pre-IPO in Insurance.

On the back of its two mega bets (and Paytm), emerged as the largest investor during the year with totaling over $4 billion (including a $250 million in Oyo Rooms).

Other top investors include Canadian pension fund CPPIB with $2 billion across five companies; while invested $1.6 billion across nine companies, and invested about $680 million.

China's emerged as a significant strategic investor in the Indian Internet and mobile sector with of $1.1 billion across home grown leaders like Flipkart, Ola, Byjus Classes and

First Published: Mon, January 15 2018. 14:45 IST
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