approximately $7.1 billion PEVC According to the data, investments were recorded in 112 deals in August, with transactions geared more towards development and funds raised by late-stage tech companies. Venture Intelligence.
In comparison, there were more than 126 deals worth over $9.1 billion in July, with deals distributed in phases. This year PE-VC investment has reached a record high. For January-August 2021, investments in more than 700 deals amounted to approximately $44.6 billion.
In August, mature companies picked up on big-ticket tours as they considered their next steps to go public and consolidate their positions. Exits also doubled in the month, in terms of value at $3.8 billion, compared to about $1.7 billion last month.
“From July to August, we have gone from wildly optimistic to cautiously optimistic. August saw neither a sharp decline nor a sharp climb, and in phases, we saw almost the same deal count and value as it was in July,” said Arun Natarajan, Founder, Venture Intelligence. “In addition to seeing how Internet IPOs perform, it’s also important to read about US FedWhatever happens in the US, there are indications that it could impact liquidity in the Indian private markets,” he said.
The biggest deal of the month was of Hinduja Global Solutions, the BPO arm of the Hinduja Group, which was selling its healthcare business to PE fund Barings Private Equity Asia for about $1.2 billion. Dailyhunt’s $450 million fundraise, which includes secondary sales by early investors, and UnacademyThe other big deal was the Series-H round of $440 million.
Executive education firm Eruditus raises $650 million from Accel softbank, and others, turning a unicorn. BharatPe was another unicorn this month, raising $370 million from Tiger Global and others. API Platform also seen in this month postman Has become the most valuable SaaS startup in India with a fund-raising of $225 million.
Analysts said future investment trends will depend on how other line-up of Internet IPOs perform in the public markets. He added that there is still a lot of liquidity and the ecosystem has not yet reached its peak. Natarajan said looking at the valuations, with the increasing number of deals with secondary components, more sellers are also visible in the market.
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