‘Investments in PE and VC shrink to $3.6 billion in May'

However, on a year to date basis, venture investments by these two investors have doubled to $20 billion for first five months of 2021

MUMBAI: Private equity and venture capital investments more than halved to $3.6 billion in May 2021 when compared to the preceding April’s $7.5 billion and a third lower than the year-ago period’s $5.4 billion, a report said on Monday.

However, on a year-to-date basis, the venture investments by these two categories of investors have doubled to $20 billion for the first five months of 2021, the report by industry lobby IVCA and consultancy firm EY said, stressing that investors continue to remain bullish.

It can be noted that the country underwent the ravages of the second wave of the pandemic since April this year.

There were localized lockdowns across the country in May 2021, while there were $4.6 billion in investments in Jio Platforms in May 2020 despite the national lockdown.