New Delhi, July 17 -- Private equity and venture capital deals saw a recovery in investment value even as transaction volumes declined for the second straight week, data collated by VCCircle showed.

The cumulative amount raised by companies through private equity and venture capital transactions snapped a three-week decline. At least 13 firms raised more than $643 million (Rs 6,188 crore) during the five-day period ending July 17, compared with 21 firms that raised $121 million last week, according to the data.

Larger cheques flowed into companies in segments such as e-commerce, artificial intelligence, and electric vehicles.

The biggest of the 13 deals was the $160 million funding raised by Udaan, a business-to-business (B2B) e-commerce company, from existing investors. The round included equity, debt, and debt-to-equity conversion, although the exact proportion was not disclosed. A global investment firm also committed $45 million from its private credit platform.

Other significant deals included a $130 million funding round for agentic AI platform Emergent, led by homegrown private equity firm Creaegis, and Hero Motocorp doubling down on Ather Energy as part of the EV two-wheeler maker's $124.6 million funding round.

Premji Invest's nearly $100 million investment in infrastructure investment trust Cube Highways Trust ahead of its initial public offering (IPO) was another prominent deal this week.

Neo Group, Vorflux, Parag Parikh Financial Advisory Services, and Quick Clean were some of the notable deals below the $40 million mark.

On the M&A front, deal activity softened this week to nine compared to 10 last week. However, aggregate deal value climbed to nearly $2 billion driven by a large deal in renewable energy.

In one of the largest deals seen in green energy in recent months, Aditya Birla Renewables Ltd (ABRen), part of the diversified Aditya Birla Group, agreed to acquire UK energy giant Shell's Indian renewable energy platform Sprng Energy at an enterprise value of $1.8 billion.

Aurum PropTech continued consolidating the property technology segment with its acquisition of Housing.com for $47.5 million.

Other notable deals this week included Emcure Pharmaceuticals' acquisition of the remaining stake in biopharma company Gennova, consumer major ITC's takeover of GHK Hospitality & Infrastructures, and HCLTech's acquisition of Guardian India Operations, the India global capability centre (GCC) of US-based insurer The Guardian Life Insurance Company of America.

Published by HT Digital Content Services with permission from VC Circle.