Indian private equity investments in Q1 2013 were recorded at USD1.8bn, a quarter less than the USD2.45bn worth of investments recorded during the corresponding period last year, according to VCCEdge’s latest Quarterly Deal Report.
Deal volume declined by a third as well, falling from 186 deals to 123 deals.
The quarter was lucrative for early-stage investments with over USD53m worth of private equity capital being invested across 45 start-ups, accounting for 37 per cent of the total deals.
Financials, utilities and industrials were the most targeted sectors with investments worth USD771m, USD365m and USD251m, respectively. Together, these sectors accounted for nearly 75 per cent of the total private equity capital invested in Q1 2013.
The USD368m investment by a clutch of realty funds including Blackstone Real Estate Partners, Embassy Property Developments, GIC Special Investments and HDFC Property Fund in Vrindavan Tech Village was the most significant deal seen during the quarter. This was followed by the USD188m invested in NTPC by GIC Special Investments.
