Stage set for PE majors to make a splash in India's tech startup gold rush

Indian tech startup ecosystem has attained a threshold of maturity in the last few years which makes it attractive for large PE players

As the meltdown in tech stocks leads to tempered valuations of growth equity in the startup ecosystem, industry insiders say private equity majors will be scouting for opportunistic deals in the segment over the next few quarters.

“Most of the unicorn deals announced in the March quarter were either finalised or at the closing stages by the end of 2021. With large venture capital players like SoftBank and Tiger Global taking a backseat, the stage is set for PE giants such as KKR, Temasek, Carlyle to make a big splash,” said a partner at a VC firm with several billion