Nov PE-VC deals rise 30%, value falls 34% – Times of India

CHENNAI: Automotive, healthcare and logistics sectors boosted deal activity in a subdued November for the private equity (PE) and venture capital (VC) industry.
November saw $2.7-billion PE-VC investments across 70 deals, data from Venture Intelligence showed. The investment value dropped 34% from October, but the number of deals increased by 30% from the previous month. On a year-on-year basis, investment activity was down 15% from $3.2 billion recorded in November 2019.
Arun Natarajan, founder and MD, Venture Intelligence, said that the deals this month were spread across a wide variety of sectors, suggesting a gradual return to normalcy for PE-VC sector.“This was perhaps the first month when deal activity went beyond the tailwinds of the pandemic like edtech or Reliance (RIL),” he said.
Fundraising by RIL, which led PE-VC capital deployment during the pandemic, made up 47% of the total fundraising in November compared to 65% in October.
The January-November 2020 period has recorded 695 deals worth $34.5 billion, compared to 927 deals worth $34.4 billion in the year-ago period.