Blackstone top private equity investor in IT and technology sectors

Private equity (PE) firm Blackstone is not only the biggest PE investor in Indian real estate, but is also the largest investor in India's information technology (IT), IT-enabled services, and technology sectors.

With the $1.2-billion Mphasis buy, Blackstone has invested $2.15 billion across nine deals, with the PE major signing deals worth $1.6 billion in 2016 till April 4, according data from VCCEdge, the financial research platform of VCCircle.com.

At $850 million, Bain Capital is the second largest investor with two deals, followed by Apax Partners ($577 million in five deals), ChyrsCapital ($573 million, 18 deals), and Baring Private Equity ($449 million in four deals).

PE firms have pumped in nearly $20 billion across 2,844 deals.

In terms of deal volume, Sequoia has executed the most number of deals (116 deals worth $446 million), followed by Accel India (116 deals, $144 million), Blume Ventures (93 deals, $446 million), Nexus India Capital, and Helion Venture Partners.