Private Equity (PE) investments in India reached their highest level of $33.1 Billion in 2018, according to data from Venture Intelligence, a research service focused on the financial statements of private companies.
According to research private equity investments had already surpassed the previous record of $24.3 billion in 734 transactions in 2017, significant investments at the end of the year. The year in Byju and Swiggy catapulted the total investment of 36% on an annual basis.
The year was marked by an investment of US $100 Million or more, representing 77% of the total value of investments during the period.
Driven by Nascent Swiggy’s $1 Billion investment in South Africa and others and Oyo led by SoftBank, IT companies accounted for 32% of private equity investments. Swiggy started the year with a $100 Million investment led by Naspers, followed by a $210 Million-and-a-half year increase led by Naspers and DST Global and completed the year with an investment of $ 1 Billion (led by Naspers and Chain of Oyo Hotel increased $800 Million, with an additional commitment of $200 Million led by Softbank VisionFund, while Paytm grabbed $445 Million from Alibaba and Softbank for its e-commerce business, Paytm Mall and $356 Million from Berkshire Hathaway on behalf of its parent company, A 97 Communications.
Other large ITES and IT investments in 2018 comprise $300 Million fetched to Temasek and other BillDesk online payment gateway services. The $ 236 Million fund for the Policy Broker Bazaar Policy (led by SoftBank) and $410 million recovers competitor of Swiggy and Zomato. Pine Labs, BookMyShow-ticketing service for events, social Share; regional chat application, music service provider Gaana.com, and Dream11 to begin intentionally, over the course of the year attracted more than $100 million in a year.