Get All Access for $5/mo

How private equity investments in Indian companies grew in Q3 A 6 per cent year-on-year rise in investments was led by Reliance Jio's deal with Brookfield and the overall IT sector.

By Debroop Roy

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.


Indian companies received $10.1 billion in the third quarter of 2019 from private equity and venture capital firms, according to data from Venture Intelligence (VI), a financial research firm. The quarter's largest investment came from Canada-based Brookfield Asset Management which formed a deal for telecom operator Reliance Jio's tower business.

A 6 per cent increase in investment value from a year earlier was despite a fewer number of deals, falling to 167 from 218, according to data.

One Deal Put Telecom On Top

Asset manager Brookfield's deal with Reliance Jio, touted as the single-biggest private equity deal in India, meant the telecom sector led the game of numbers in the three months ended September 30.

The deal, disclosed by Reliance Jio in July, will see an investment of $3.66 billion from Brookfield. The Indian conglomerate has said the money will be used to repay debt. This transaction was also the only investment by any private equity into the Indian telecom sector during the period.

IT Sector Came Second, Investments Fell

Investments in the information technology and information technology-enabled services sectors came second at $3.55 billion with 107 deals.

The sector's biggest -- and the quarter's second biggest -- deal came in July when Baring Private Equity Asia agreed to buy healthcare analytics firm CitiusTech for $880 million. It was Baring's first investment in a health tech venture in India. CitiusTech provides healthcare technology services to medical technology firms, healthcare companies and life sciences organizations.

A $414 million investment for business-to-business e-commerce company Udaan came in third in terms of value in the quarter. The funding round was led by Lightspeed Ventures, DST Global and Altimeter Capital. Udaan is a platform designed for small and medium-sized businesses to sell their products directly to consumers.

Despite having two of the biggest deals in the quarter, the total value of investments in the sector fell about 3% on a year-on-year basis.

Renewable Led the Way In Energy

In the quarter, Hyderabad-based Greenko Energy Holdings raised $392 million from Singapore's GIC Holdings and the Abu Dhabi Investment Authority, on the back of growing interest in green energy across the world. Both investors are sovereign funds.

"Indian energy markets are transitioning from deficit markets to demand-driven contracts, requiring reliable, flexible and cost-competitive energy," Greenko's chief executive officer Anil Kumar Chalamalasetty had said in July.

The deal made up for more than 99% of the total investments in the sector during the quarter, which fell about 13% from the year-ago period.

Debroop Roy

Former Correspondent

Covering the start-up ecosystem in and around Bangalore. Formerly an energy reporter at Reuters. A film, cricket buff who also writes fiction on weekends.

India Needs Homegrown Product Companies In Semiconductor: Cadence Design's India MD

Most multinationals retain product ownership, key value and intellectual property at their headquarters. As a result, India, despite having a vast pool of design talent, lacks significant Indian product companies in the semiconductor industry, says Jaswinder Ahuja, MD, India Cadence Design Systems.

Business News

How to Be a Billionaire By 25, According to a College Dropout Turned CEO Worth $1.6 Billion

Austin Russell became the world's youngest self-made billionaire in 2020 at age 25.

News and Trends

Reimagining HR: How AI is Leading to Workplace Prosperity

It's proven that the HRTech landscape has traditionally been characterized by tedious and manual processes prone to mistakes, fatigue, and biases. Recruitment, in particular, is a high-stakes area where errors can be extremely costly. These startups are working towards making it efficient


Taylor Swift Has a Lucky Number. And She's Not the Only High Performer Who Leans Into Superstitions to Boost Confidence.

Even megastars like Swift need a little extra something to get them in the right mindset when it is game time.


Cost Deduction In Space Tech Increases 20% Launch Attempt

India is now home to approximately 140 registered space-tech startups. Its talent pool, young population, and government policies push innovations beyond the Earth

News and Trends

Pioneering Sustainable Luxury in the Jewelry Industry

Founded by siblings Disha and Nimesh Jain, Evol combines family expertise with a visionary approach to luxury