Chennai: Non-public fairness and enterprise capital (PE/VC) offers have surged to a 10-year excessive in 2025. When it comes to funding worth, it’s up 54 per cent in 2025 to this point in comparison with final yr.
Between January and November 2025, 1,761 offers have been made towards 1170 offers in 2024. By surpassing the earlier file of 1,726 offers in 2021, 2025 noticed the best variety of offers in 10 years. India has constantly recorded over 1,000 PE/VC offers yearly for the previous 10 years.
Indian PE/VC exercise rode the momentum within the final decade with over $275 billion raised throughout 13,000 offers.
Alongside the rise in deal depend, funding worth has additionally moved up. In 2025 to this point $34 billion in PE/VC investments have been recorded a 54 per cent improve over the $22 billion deployed in 2024. This momentum is attributed not solely to extra offers but in addition to the rise in common deal dimension, which grew from $34.4 million in 2024 to $41.6 million in 2025, finds Equirus Capital.
Nonetheless, previously decade, yearly funding worth has been the best in 2021, adopted by 2022 and 2020.
Mid-market offers of $10–25 million and $25–50 million have been increasing their share considerably from over 20 per cent in 2020 to over 40 per cent in 2025. Small offers account for 30 per cent of the offers.
The IT and client discretionary sectors stay the most important beneficiaries, attracting over 50 per cent of complete PE/VC investments in 2025 each by worth and quantity. Their dominance underscores India’s digital transformation and rising home consumption.
Additional, main markets have been more and more offering exit to PE/VC funds. Over 60 per cent of the exit quantity in 2025 was made potential by public markets both by means of IPOs or block offers. Nonetheless, exits remained fewer in 2025 in comparison with final yr. Between CY19-CY23, Monetary Providers, IT, Client Discretionary, Healthcare and Industrials shaped 93 per cent of the deal exit quantity.
“With giant new funds being raised by PE corporations on the again of file variety of exits in earlier funds, we imagine India has proven its resilience as a market that gives monetary buyers a number of viable routes for exit as soon as they’ve managed to scale up and develop their investee firms,” stated Bhavesh Shah, Managing Director and Head Funding Banking, Equirus Capital.
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