New Delhi, July 3 -- Private equity and venture capital investments fell sharply this week, with total deal value dropping below $250 million after crossing the $1 billion mark for two consecutive weeks, even as mergers and acquisitions (M&A) activity was dominated by a pair of billion-dollar transactions, data compiled by VCCircle showed.
PE/VC deal volume during the week saw recovery, with at least 28 companies raising around $203.2 million during the five-day period ending July 3, a steep decline from the previous week when 20 companies secured $1.2 billion.
Clean energy, consumer brands and climate technology emerged as the most active sectors for fundraising during the week.
The largest PE-VC transaction was Adar Poonawalla Family Office investing $73 million in Inox Clean Energy Ltd. At number two came consumer brand The Indus Valley with a $17 million funding round led by Gaja Capital. Another top deal included battery recycling startup BatX Energies, which secured $11 million from IvyCap Ventures.
The week also saw investors backing companies across enterprise software, healthcare, AI, consumer products and manufacturing. These included Dovetail Capital, Phitku, Kapture CX, Age Care Labs, Ninjacart, Incuspaze and Pivot Path.
Meanwhile, M&A activity gathered momentum, led by two blockbuster deals that together accounted for more than $2.5 billion in value.
First on the list is the MSC Group's $1.4 billion acquisition of Adani's Vizhinjam port, which was the largest transaction announced during the week. Persistent Systems' $1.14 billion acquisition of German IT services company Nagarro ranked second.
Other notable acquisitions included Kotak Mahindra Bank buying Deutsche Bank's India retail business for $29.7 million and Wealth First Portfolio Managers acquiring Wealth First Advisors Pvt. Ltd for $10.8 million. Deals involving M1xchange and CirclePe were also announced, though financial terms remained undisclosed.
Published by HT Digital Content Services with permission from VC Circle.