The Information Technology and IT-enabled services sector attracted USD 1.64 billion through 56 deals, accounting for more than half the total PE investments (USD 3.01 billion) during the third quarter of 2014, PwC said in its 'MoneyTree India Report Q3 2014'.
While this is a two-fold jump over the previous quarter from 746 million USD via 47 deals, the funding is more than 2.5 fold higher as compared to the same period last year (618 million USD in 41 deals) in the IT-ITeS sector, it added.
"The third quarter of the year has witnessed a stellar performance in the IT & ITeS sector in both value and volume... The average deal size in this sector has also surged in this quarter, from USD 17.3 million in Q2 to USD 29.3 million in this quarter," PwC said.
The average deal size in July-September 2013 period stood at USD 15.1 million for the IT-ITeS sector.
This was followed by mobile services (USD 138 million in nine deals) and enterprise software (USD 79 million in 13 deals).
"e-Commerce businesses continued to attract investor interest driven by strong growth prospects. The e-commerce market continues to be a primarily minority stake market, with the majority of deal flow driven by growth-stage deals," PwC India Technology Industry Leader Sandeep Ladda said.
New online e-commerce business segments like classifieds, real estate, grocery and healthcare, have started to exhibit significant growth opportunities, he added.