Reliance deals accounted for 40% of all PE-VC investments in Jan-Sep 2020

Overall, private equity and venture capital firms' investments in Indian companies during the first nine months of 2020 declined 21% by value on a year-on-year basis

Investments by private equity (PE) and venture capital (VC) firms in Indian companies between January and September 2020 were down 21 per cent in value terms when compared with the same period last year – at $28.9 billion in 2020, against $36.4 billion in 2019. And, the $11.7 billion of PE investments in Jio Platforms and Reliance Retail alone accounted for 40 per cent of all PE-VC investments during this period, show IVCA-EY data.
 
Had it not been for the one-off PE investments in the Reliance Group entities, PE-VC investments in 2020 would have been just $17.2 billion, 53