Jio Platforms accounted for 85% of all PE/VC investments in May

New Delhi: The month of May recorded investments worth $5.4 billion across 58 deals, with $4.6 billion invested in Jio Platforms, according to the IVCA-EY monthly PE roundup.

Private equity and venture capital investments almost doubled in May 2020 on year on year basis.

Jio Platforms received $4.6 billion in PE/VC investments in May 2020, accounting for 85 per cent of all PE/VC investments during the month.

The Financial services sector accounts for over 60 per cent of all PE/VC exits by value and volume in May.

Fundraises in the first five months of 2020 are a third of the funds raised during the same period last year.

Exits recorded $286 million across 11 deals, with financial services sector accounting for over 60 per cent of all exits by value and volume.