Inflows into RIL arms take 2020 PE/VC investments close to 2019 level

Private equity and venture capital fund investments in India stood at USD 47.6 billion in 2020, at par with the previous year, on the back of flows into RIL’s retail and telecom arms, a report said.

When looked at from the perspective of number of deals, exits secured by such investors and new fund raises for future, it was a disappointing year for the country, as per a report by consultancy EY and Indian Venture Capital Association.

Investments into Reliance Industries’ (RIL) telecom arm Jio Platforms and retail arm came at USD 17.3 billion, or over a third of overall investments during the year, it said.