India: Fundraising by PE, VC investors in January-September at five-year high

Photo: Pixabay

Private equity (PE) and venture capital (VC) firms in India raised more funds in the first nine months of 2019 than in each of the past five years.

Between January-September, 28 PE/VC firms raised $6.2 billion, compared to $5.4 billion raised by 43 firms in the whole of 2018, according to financial data provider Refinitiv. It was also the highest amount raised in the past five years, indicating increasing investor interest in Indian alternative investment funds.

“The quest for better risk-adjusted returns in a globally declining interest rate scenario is one of the key factors contributing to the increase in PE/VC fundraising. That is also coupled with India’s long-term growth trajectory compared to rest of the world, as despite a recent slowdown it remains a compelling investment destination,” said Shagoofa Rashid Khan, partner at Cyril Amarchand Mangaldas.

“As far as Indian private equity is concerned, I believe that we have a $100 billion market in the making. As the size of the Indian PE market grows, the size of segment comprising India-specific funds will also grow in line,” said Gopal Jain, managing partner of Gaja Capital.

This article was first published on livemint.com.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.