According to a report by industry lobby grouping IVCA and EY, investments by Private Equity and Venture Capital Investment (PE/VC) funds declined to USD 3.4 billion for October. This is a 3% drop from the year-ago period’s USD 3.5 billion and a 19% decline from September’s USD 4.2 billion.
The report also noted that the number of deals or volumes decreased to 70 transactions in October from 80 in the year-ago period and 83 in the previous month.
Vivek Soni, a partner at the consultancy firm, expressed a “cautiously optimistic” outlook, mentioning that PE/VC Venture Capital Investment, particularly in the startup space, are still lacking momentum.
Venture Capital Investment Fund
October saw nine large deals totaling USD 2.4 billion, Venture Capital Investment Fund with the largest being Abu Dhabi Investment Authority’s (ADIA’s) USD 598 million investment in Reliance Retail Venture.
Startup investments in October amounted to USD 1.3 billion, more than double the figure from the year-ago period.
From a sectoral perspective, retail and consumer products led with USD 623 million of PE/VC investments across five deals, Venture Capital Investment driven by the ADIA bet on Reliance Retail Venture.
Invest in Venture Capital
Real estate sector came in second, attracting USD 601 million across six deals. The month also recorded 17 exits worth USD 1.3 billion. Overall, Venture Invest in Venture Capital the month witnessed a total fundraise of USD 2.4 billion, compared to USD 2.2 billion in October 2022 and USD 1.1 billion in September 2023.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)