India gets private investment worth $ 886 mn in July 2016: EY
23/08/2016 10:51
A report has said that there were 39 private equity and venture capital investments worth USD 886 million in July 2016, registering a decline of 58 per cent as compared to the corresponding period last year. According to the EY report, the decline in both value as well as volume terms was mainly due to the drop in number of early-stage and large-sized deals. In July 2015, there were 71 PE/VC deals worth USD 2.1 billion. Meanwhile, exits grew significantly to USD 1.8 billion in July this year from USD 550 million in July 2015. Commenting on the issue, EY Partner and Leader for PE Mayank Rastogi told the media, "After the record breaking investments amidst the hyperactive e-commerce and other early stage deal activity in 2015, exits are the big story in 2016." "We have had some very large strategic exits and highly successful PE backed IPOs and for the first time, exits are more than 50 per cent of the investments so far during the year - all of which should bode well for the Indian PE/VC ecosystem," he added.
23/08/2016 10:51
