PE/VC deal value hits $851 mn

The total value of private equity and venture capiT tal deals in India surged nearly fourfold last week from the previous five-day period helped by a couple of large investments by PE firms and several mid- to small-sized transactions.

- Priyal Mahtta & K. Amoghavarsha

Startups cumulatively raised $851 million from VC and PE firms last week, against the preceding period's $241 million, according to data collated by VCCircle.

However, deal volume remained consistent with 18 transactions VCCĪ recorded last week, similar to the week before.

Last week's uptick is in line with the trend seen in May, as funding activity saw a slight resurgence last month, both in terms of deal value and volume.