- Residential demand upbeat despite construction cost, interest rate rise; brokerage picks DLF, Oberoi Realty among top 4 bets
- Copper Set to Post Worst Quarterly Performance in Over 2 Years
- Maruti Suzuki Brezza 2022: Launch today! Check key highlights; live streaming link here
- Nothing Phone 1 confirmed to come with Snapdragon 778G+ SoC on July 12 - Know more
- Ratnamani Metals bonus share: Stock jumps 15%, hits 52-week high ahead of record date
PE Funds invest $26.3 billion in India during 2018: Report
Private equity funds in India invested $26.3 billion across 793 deals during 2018, a report said on Tuesday. According to Bain & Company`s `2019 India Private Equity Report`, consumer tech and banking, financial services and insurance (BFSI) remained the largest industry sectors for investment by value.
"While consumer tech investment was still large at $7 billion, it actually shrank from more than $9 billion in 2017," said the report released on Tuesday in partnership with Indian Private Equity & Venture Capital Association (IVCA). "BFSI also remained dominant with almost $5 billion of investments in 2018, driven by a rising class of non-banking financial companies (NBFCs) that continue to flourish in the ecosystem."
As per the report, the market for exits also remained strong, with 265 exits valued at nearly $33 billion in 2018, "signalling investor confidence in the Indian market". "Nearly half of last year`s exit value resulted from the $16 billion sale of Flipkart to Walmart. However, even excluding that, 2018 was one of the best years for exits in the last decade," the report said.
In addition, the industry raised funds to the tune of $714 billion from investors during the year.
Arpan Sheth, partner, Bain & Company and one of the lead authors of the report, said: "The Indian market signalled investor confidence with the year 2018 proving to be one of the best years for exits in the last decade."
"Considering how India`s economy is poised for growth in the coming year, many more exits are expected during the next few months. Also, with 265 exits valued at nearly $33 billion in 2018, the public market remained the most preferred mode, with strategic exits."
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.