Indian private equity investments reach $70 bn in 2,000 deals in 2021

Indian private equity (PE) investments reached $70 billion in 2021 in more than 2,000 deals — an 87 per cent increase over the volumes in 2022, a new report showed on Thursday.

Indian investments grew by 96 per cent over 2020 (excluding the mega deals of Jio Platforms and Reliance Retail).

Much of the deal activity was in consumer tech and IT/ITES sectors.

The two sectors combined represented more than 60 per cent of the year’s deal value, at nearly $44 billion, according to the annual India Private Equity Report 2022 by Bain & Company.

The number of large cheque size investments also witnessed a significant increase and the year saw 11 investments worth greater than $1 billion with Flipkart, Hexaware and Mphasis being among the largest deals, compared to six in 2020.