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ARTICLE · 07 JUNE 2021

India Update | Volume 1 Of 2021

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Q4 of FY 2020-21 witnessed a sequential month on month increase in PE/VC investment activity, from USD 1.6 billion in January 2021 to USD 4.6 billion in March 2021.

IndiaCorporate/Commercial Law
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INVESTMENT AND DEAL ACTIVITY ANALYSIS

Q4 of FY 2020-21 witnessed a sequential month on month increase in PE/VC investment activity, from USD 1.6 billion in January 2021 to USD 4.6 billion in March 2021. On a year-on-year basis, investments grew by 64% in this quarter. There were 22 large deals aggregating to USD 4.8 billion, with pandemic resilient sectors like pharma, healthcare, edtech, online media, SaaS etc. continuing to see good traction in both value and volume of PE/VC deals.

PE/VC exits also picked up momentum in this timeframe with exits worth USD 4.2 billion, which is 70% of the total value recorded last year. The largest exit saw Alibaba, IFC and Abraaj sell their stake in Bigbasket for USD 1 billion to TATA group. The quarter also recorded 9 PE-backed IPOs, which is the highest quarterly number so far. Additionally, as of now, there are over 90 IPOs that have filed their DHRPs with SEBI of which more than 45 are PE-backed.

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