PE funding surges 23% to $31 bn in 1st 11 months of 2024
Business Standard|December 03, 2024
Deal count rises up to 1,022, up 18.4% from last year
JADEN MATHEW PAUL

Private equity (PE) activity in India between January and November 2024 recorded a total value of $30.89 billion across 1,022 deals, a 22.7 per cent increase in value and an 18.4 per cent rise in deal count compared to $25.17 billion across 863 deals during the same period in 2023.

Notable large deals during the period include Walton Street India Investment Advisors at $1.5 billion, and KiranaKart Technologies at $1.35 billion. According to experts, 2024 witnessed a plateau in deal-making while the industry made strides in utilizing public markets for exits.

"Ongoing 2024 is the year in which exits from IPOs became mainstream for the Indian private equity industry," said Gopal Jain, managing partner, Gaja Capital. He highlighted that exits through public markets were not limited to minority stakes but extended to control positions.

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