Private equity (PE) and venture capital (VC) investments in India recorded a strong rebound in November, rising 31% year-on-year to $5.6 billion, according to a joint report by Indian Venture and Alternate Capital Association and EY.
The pickup has supported a recovery in deal momentum after a relatively muted start to the year.
Cumulative PE and VC investments reached $49.3 billion in the 1st 11 months of 2025, accounting for around 88% of the $56.2 billion recorded in the full year of 2024. November deal values were 4% higher than October’s $5.4 billion, reflecting steady month-on-month improvement.
In terms of deal count, activity remained largely stable at 101 transactions year-on-year, while marginally easing from 109 deals recorded in October. Industry observers expect full-year deal values to close broadly in line with, or slightly below, last year’s levels.
Buyout deals formed the largest share of PE and VC investments in November at $2.1 billion, marking a 37% increase compared to the same period last year.
Startup investments followed at $1.7 billion, registering a sharp 56% rise, while growth-stage investments more than doubled to $811 million.
From a sectoral perspective, real estate dominated deal activity with $3.7 billion of capital deployed during the month.
Infrastructure attracted $531 million, while financial services saw investments of $484 million. Together, these 3sectors accounted for 84% of total PE and VC investments in November.
Exit activity moderated slightly, with 23 exits valued at $3.2 billion compared to $3.7 billion a year earlier. IPO-led exits emerged as the most prominent route, contributing $1.5 billion across 7 public offerings during the month.
Fundraising by PE and VC platforms also strengthened, with $2.4 billion raised in November for future investments. This marked a sharp rise from $1.1 billion raised in the same month last year and $1.8 billion in October.
While elevated valuations and bid-ask mismatches continue to slow deal closures, the rebound in November investments signals improving investor confidence. With stable exits and stronger fundraising, India’s PE and VC market appears cautiously positioned for steadier momentum going into 2026.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Dec 24, 2025, 11:23 AM IST
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