The year 2020 recorded venture capital and private equity investments worth $41 billion across 831 deals. The surge in deal value was primarily supported by telecom and retail segments with Reliance Jio and Reliance Retail alone receiving $16 billion VC and PE investment, according to a new report by Praxis Global Alliance, a global management consulting and advisory firm.
2020 has been a historical one with Covid impacting all geographies and industries. However, despite the pandemic, the Indian growth story remains strong. India is expected to be the third-largest economy by 2030 with a GDP (gross domestic product) of $7 trillion in 2030, said the report. It has seen robust activity both in public and private markets.
“Indian private market is going