The funding environment in India for startups is improving this year if one were to go by Bain & Company estimates.
Five private equity (PE) investors that come on top on the criterion of deal size collectively put in $9 billion in the first half of 2024, surpassing their outlay for last calendar year, when it was $8 billion.
At the top of the list is Swedish firm EQT, which acquired US-based and listed Perficient at an enterprise value of $3 billion, the deal being done by the Indian wing of the company.
It has also added to its list by putting in $500 million in WSO2, a "software as a service" company, increasing its tally to $3.5 billion.
The PE major up to now has invested over $8 billion in the country through more than 30 deals, making it a force to reckon with. It has said it would invest around $5 billio in India.
This story is from the September 27, 2024 edition of Business Standard.
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This story is from the September 27, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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