Private equity investments in India nosedived by 65.7% YoY in the first nine months of 2023, hitting $1,813 million in Q3—reflecting a 35.2% drop from the previous quarter. The total number of deals also saw a substantial 34.3% decline to 232 transactions. Fundraising for Indian funds mirrored the downturn, experiencing a 31% decrease, totaling $6 billion during this period. Noteworthy sectors attracting investments include Internet-specific, computer software, and transportation. Conversely, industries like financial services and consumer-related witnessed declines. This challenging landscape underscores cautious investor sentiments, reflecting economic uncertainties impacting private equity activity in India.
Private Equity Investments in India Plunge 65.7% in 2023: Top Sectors and Key Insights
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