New Delhi, April 25 -- As Indian entrepreneurs seek short-term debt to bridge funding gaps caused by equity dilution pricing, private credit is rapidly rising as a major source of financing for their projects, according to top officials at PwC India.

"We have noticed that demand for private credit has picked up. Several large credit funds have started investing billions of dollars in Indian companies in both stressed as well as the performing credit space," said Bhavin Shah, Partner & Leader of Private Equity and Deals at PwC India, reported BS.

Private credit, offered by private equity firms at marginally higher interest rates than syndicated loans, not only provides entrepreneurs with much-needed financing but also valuable global exp...