Bigger cheques, strong volumes drive twofold jump in deal value

PE, VC deals in India surged to $690 million in the week ended 9 May, driven by transactions of over $100 mn

- Priyal Mahtta & Nitesh Kumar

The total amount invested by private equity and venture capital investors in India increased in the week ended 9 May, thanks to a bunch of deals valued above $100 million and higher volumes, data collated by VCCircle showed. Total PE, VC deal value nearly doubled to $690 million in the five-day period across 32 deals, versus $396 deal value in the previous week across 30 deals. The actual amounts will be higher because the values of some deals were not disclosed.