PE investments up 37% in Jan-Mar

The value of infotech investments was up 106% from $1.4 bn in 115 deals in January-March 2016

Private equity investments during the January-March grew 36 per cent to $5.44 billion in 117 deals from $4 billion in 198 deals in the same period a year ago, according to research firm Venture Intelligence.

Flipkart and Ola are back in fund-raising mode in 2017, however at significantly lower valuations. Flipkart has $1 billion in commitments from China’s Tencent and other investors and Ola has received commitments of $330 million from SoftBank and other existing investors. 

The number of investments was, however, 41 per cent lower in January-March than in the year-ago period. These figures include venture capital investments but exclude private