印度私募股权风险投资行业市场前景及投资研究报告-外文版培训课件红衫

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TRENDSPrivateequityandventurecapitalinIndiaCHAPTER

01OverviewNumberofprivateequitydealsintheAsia-Pacificregionin2023,bytargetcountryorterritoryNumberofprivateequitydealsAPAC2023,bytargetcountryNumberofprivateequitydeals400

50001002003006007008009001,000JapanChina874503India304SouthKoreaAustraliaSingaporeHongKongIndonesiaNewZealandVietnam1801339322211913MalaysiaPhilippinesThailandTaiwan1211523Description:In2023,JapanledtheAsia-Pacificregionintermsofprivateequitydeals,with874privateequitydeals.JapanwasfollowedbyChina,with503privateequitydeals.ThirdintheAsia-PacificregionwasIndia.ReadmoreNote(s):APAC;2023Source(s):AcurisGlobal;White&CaseValueofprivateequityandventurecapitalinvestmentsacrossIndiafrom2015to2023(inbillionU.S.dollars)ValueofPE/VCinvestmentsIndia2015-20238070605075.9456.1549.7747.5846.5537.4140302010026.18201719.716.2201520162018201920202021202220234Description:TheIndianprivateequityandventurecapital(PE/VC)segmentrecordedover49billionU.S.dollarsꢀfrom853dealsin2023.Thiswasadecreasefromlastyear'sdealvalueofaround56billionU.S.dollars.

ReadmoreNote(s):India;2015to2023Source(s):EY;VCCEdgeMonthlynumberofprivateequityandventurecapitalfundsraisedacrossIndiafromOctober2018toApril2024NumberofmonthlyPE/VCfundsraisedinIndia2018-2024Numberoffundsraised024681012October2018November2018December2018January2019February2019March2019April201953310314May20196June2019July2019August2019September2019October2019554445Description:InApril2024,therewere98privateequityandventurecapitalfundsraisedacrossIndia,amountingto4,417millionU.S.dollars.Januaryrecordedthehighestamountoffundsraisedintheyear.

ReadmoreNote(s):India;October2018toApril2024Source(s):EY;IVCATotalnumberofprivateequityandmergers&acquisitionsdealsinIndiafrom2016to2023NumberofdealsinPEandM&AinIndia2016-20232,5002,3532,1032,0662,0772,0352,0001,8501,6771,5001,00050001,367201620172018201920202021202220236Description:Asof2023,thetotalnumberofprivateequityandmergers&acquisitiondealsinIndiawas1,805.Comparedto2022,thenumberofdealsreducedinvolume.Thegeopoliticaltensions,inflationandrisinginterestratesledtocautionintheinvestmentscenario.ReadmoreNote(s):India;2016to2023Source(s):PwCCHAPTER

02DealsValueofstrategicdealsinIndiafrom2016to2023,bycategory(inbillionU.S.dollars)PEandM&AdealsinIndia2016to2023Privateequity(PE)Mergers&acquisitions(M&A)1401201008048.94747.738.36033.538.829.54020044.566.1524441.140.436.530.718.4201620172018201920202021202220238Description:Asof2023,thetotalvalueofprivateequitydealsamountedto36.5billionU.S.dollarsandmergers&acquisitionsdealsaccountedfor38.8billionU.S.dollars.Thevaluesforbothkindsofdealswitnessedadecreasefrom2022.

ReadmoreNote(s):India;2016to2023Source(s):PwCValueofprivateequityandventurecapitalbackedcreditinvestmentdealsacrossIndiafrom2014to2023(inbillionU.S.dollars)ValueofPE/VCcreditinvestmentdealsinIndia2014-202387656.7343.513.12.932102.72.62.612.51.10.620142015201620172018201920202021202220239Description:ThevalueofprivateequityandventurecapitalbackedcreditinvestmentdealsacrossIndiawortharound3.5billionU.S.dollarsin2023.Thiswasadecreasecomparedtothepreviousyear,creditinvestmentsemergedasasecurealternativeforprivateequityandventurecapitalfundstoinvestinIndia.ReadmoreNote(s):India;2014to2023Source(s):EY;VCCEdgeValueofbuyoutdealsintheprivateequityandventurecapitalsectoracrossIndiafrom2014to2023(inbillionU.S.dollars)ValueofPE/VCbuyoutdealsinIndia2014-20232520.782017.161511.8211.9510.410.44104.3503.331.3201420152016201720182019202020212022202310Description:In2023,therewere56buyoutdealssecuredinIndia'sprivateequityandventurecapitalsector,aggregatingtoover11billionU.S.dollars.Thiswasastarkdecreasecomparedtoover20billionU.S.dollarsin2020.

ReadmoreNote(s):India;2014to2023Source(s):EY;VCCEdgeNumberofprivateequityandventurecapital(PE/VC)investmentdealsgreaterthanorequalto100millionU.S.dollarsacrossIndiafrom2019to2023NumberofPE/VCdealsgreaterthan100millionU.S.dollarsIndia2019-2023200181180160140120100801301191159360402002019202020212022202311Description:In2023,atotalof115privateequityandventurecapitalinvestment(PE/VC)dealsweresecuredthatwereofavalueabove100millionU.S.dollarsinIndia.Thiswasasignificantincreasecomparedto2020.Intotal,thesebigdealsledtoaPE/VCdealvalueofabout38billionU.S.dollarsin2023.ReadmoreNote(s):India;2019to2023Source(s):EY;VCCEdgeCHAPTER

03InvestmentbysectorNumberofprivateequityandventurecapitalinvestmentdealsacrossIndiain2023,bysectorNumberofPE/VCinvestmentsinIndia2023,bysectorNumberofdeals020406080100120140160180FinancialservicesTechnology161118E-commerce85Healthcare63Infrastructure57Realestate5553FoodandagricultureRetailandconsumerproductsMediaandentertainmentAutomotive494039IndustrialproductsEducation3327Logisticsandtransportation2013Description:ThefinancialservicessectorinIndiarecorded161privateequityandventurecapitalinvestmentsin2023,comparedtoaround250dealsinthepreviousyear.Inadditiontobeingthehighestrankingsectorbynumberofdealsin2023,itwasalsothecountry'sthird-highestsectorintermsofvalueofdeals.ReadmoreNote(s):India;2023Source(s):EY;VCCEdgeValueofprivateequityandventurecapitalinvestmentsinthefinancialservicesacrossIndiain2023,bysub-sector(inmillionU.S.dollars)ValueofPE/VCinvestmentsinfinancialservicesIndiabysub-sector2023DealvalueinmillionU.S.dollars05001,0001,5002,0001,8642,5003,000FintechNBFC2,721Banks490HousingfinanceAssetmanagementInsurance64452439Micro/SmallfinanceCrypto1472614Description:In2023,India'sfinancialservicessectorsawaround161privateequityandventurecapital(PE/VC)dealsaggregatingtoover6billionU.S.dollars.Ofthesedeals,thehighestinvestmentvaluewassecuredbynon-bankingfinancialcompanies,aggregatingtoavalueofaround2.7billionU.S.dollarsduringthisperiod.ReadmoreNote(s):India;2023;*Othersincludesexchanges,brokerages,advisoryservices,etc.OneIndianrupeeisequalto0.011eurosand0.012U.S.dollars(asofApril2024).

ReadmoreSource(s):EY;VCCEdgePrivateequityandventurecapital(PE/VC)investmentsintechnologysectorinIndiain2023,bycompany(inmillionU.S.dollars)TechnologyinvestmentsinIndia2023,bycompanyInvestmentvalueinmillionU.S.dollars0100200300400500500600QuESTGlobalServicesPte.LimitedIBSSoftwarePte.LimitedBuilder.ai450250250XoriantCorporationInc.PerfiosSoftwareSolutionsPrivateLimitedEveriseHoldingsPte.LimitedFreshworksInc.229200200198TataTechnologiesLimitedGreyOrangeInc.135AiquireInc.(Pixis,Pixis.ai)8515Description:In2023,QuESTGlobalServicesPte.Limitedreceivedprivateequityandventurecapital(PE/VC)investmentdealsforitsbusinessinIndiaworth500millionU.S.dollarsintotal.ItwasfollowedbyIBSSoftwarePte.Limitedwithabout450millionU.S.dollarsininvestment.ReadmoreNote(s):India;2023Source(s):EY;VCCEdgeValueofprivateequityandventurecapital(PE/VC)investmentsine-commerceacrossIndiafrom2015to2023(inbillionU.Sdollars)ValueofPE/VCinvestmentsine-commerceIndia2015-20231815.891614121085.4654.84.84.242.82.441.52020152016201720182019202020212022202316Description:In2023,theIndiane-commercesectorsaw85privateequityandventurecapital(PE/VC)investmentdealsaggregatingtoavalueofovertwobillionU.S.dollars.Thiswasasignificantdecreasebothininvestmentvalueandinnumberofdealscomparedtothepreviousyearwhenthee-commercesectorwastheleadingsectorintermsofPE/VCinvestment.ReadmoreNote(s):India;2015to2023Source(s):EY;VCCEdgeNumberofprivateequityandventurecapitaldealsinthehealth-techsectorinIndiafrom2013to2022PE/VCinvestmentdealsinthehealth-techsectorIndia2013-2022706050403020594034312215151110031201320142015201620172018201920202021202217Description:In2022,thehealth-techsectorinIndiasecured40privateequityandventurecapitaldeals.Numberofdealsdeclinedincomparisontothepreviousyear,wherein,59dealsweresecuredwithinthehealth-techsector.

ReadmoreNote(s):India;2013to2022Source(s):EY;Reuters;VentureIntelligencePrivateequityandventurecapital(PE/VC)investmentsintheinfrastructuresectorinIndiain2023,bycompany(inmillionU.S.dollars)InfrastructurePE/VCinvestmentsinIndia2023,bycompanyInvestmentvalueinmillionU.S.dollars02004006008001,0001,200AdaniPowerLimitedAvaadaVenturesPrivatelimitedBrookfield-AxisEnergyVenturesJV2GreenkoEnergyHoldings1,1001,000845700AdaniPortsandSpecialEconomicZoneLimitedCubeHighwaysInvIT640637IndInfravitTrust527500474HexaClimateSolutionsPrivateLimitedAdaniGreenEnergyLimitedTPSolarLimited42518Description:In2023,AdaniPowerLimitedhadinvestmentsofover1100millionU.S.dollarsfromtheGQGPartners.ThiswastheleadinginvestmentintheinfrastructuresectorinIndiainthatyear.ReadmoreNote(s):India;2023Source(s):EY;VCCEdgeCHAPTER

04InvestmentsbytypeValueofgrowthcapitalinvestmentdealsinprivateequityandventurecapitalacrossIndiafrom2014to2023(inbillionU.S.dollars)ValueofgrowthcapitalinvestmentsinIndiafrom2014-20232522.8819.59201510517.1116.3914.113.49.958.26.65.40201420152016201720182019202020212022202320Description:In2023,growthcapitalinvestmentsintheprivateequityandventurecapitalsectoracrossIndiageneratedaround17billionU.S.dollarsoffunding.Thiswasanincreaseofaboutfourpercentcomparedtothepreviousyear.

ReadmoreNote(s):India;2014to2023Source(s):EY;VCCEdgeValueofventurecapitalstart-upinvestmentdealsacrossIndiafrom2014to2023(inbillionU.S.dollars)ValueofVCstart-upinvestmentsIndia2014-20233025201528.4818.5711.7108.787.266.54.8503.12.11.7201420152016201720182019202020212022202321Description:2023witnessedasignificantdecreaseinVCstart-upinvestmentsacrossIndia,valuingovereightbillionU.S.dollarscomparedtoover18billionU.S.dollarsin2022.2021wasarecordyearforstart-upinvestments,however,2022witnessedadeclineof42percentonayear-on-yearbasis.ReadmoreNote(s):India;2014to2023Source(s):EY;VCCEdgeNumberofprivateequityandventurecapitalbuyoutdealsacrossIndiafrom2014to2023NumberofPE/VCbuyoutdealsinIndia2014-202370605062615653504340332830201002612201420152016201720182019202020212022202322Description:In2023,India'sprivateequityandventurecapitalsectorwitnessed56buyoutdeals,aggregatingtoover11billionU.S.dollars.Thiswasaslightincreasecomparedtothepreviousyear.Buyoutsreferstocontroltransactions.

ReadmoreNote(s):India;2014to2023Source(s):EY;VCCEdgeNumberofregisteredalternativeinvestmentfunds(AIFs)acrossIndiafrom2020to2023NumberofregisteredAIFsacrossIndiafrom2020-20231,2001,0008001,0888857326416004002000202020212022202323Description:Therewerearound1,088registeredcumulativealternativeinvestmentfundsacrossIndiaasofthefinancialyear2023.TherewasanincreaseinAIFsascomparedtopreviousyear.Analternativeinvestmentfund(AIF)isanentityorothertypeofcollectiveinvestingwherefundsareraisedfromanumberofinvestorswithaviewtoinvestingtheminaccordancewithadefinedinvestmentpolicy.ReadmoreNote(s):India;2020to2023Source(s):SEBI(India)Numberofprivateinvestmentsinpublicequity(PIPE)dealsacrossIndiafrom2014to2023NumberofPIPEdealsinPE/VCinvestmentsIndiafrom2014-2023120100801117763626159604642424020034201420152016201720182019202020212022202324Description:In2023,Indiasaw111newdealsfromprivateinvestmentsinpublicequity(PIPE),aggregatingtoavalueofaroundeightbillionU.S.dollars.ThiswasaslightincreaseinthenumberofPIPE-dealscomparedtothepreviousyearandthehighestnumbersince2014.ReadmoreNote(s):India;2014to2023Source(s):EY;VCCEdgeCHAPTER

05ExitsValueofprivateequity/venturecapitalexitsacrossIndiafrom2015to2023(inbillionU.S.dollars)ValueofPE/VCexitsinIndiafrom2015-202345403530252039.582724.8418.291510513.111.2220196.66.75.9602015201620172018202020212022202326Description:In2023,theIndianprivateequityandventurecapitalsectorsaw303exitsworthover24billionU.S.dollars.Thiswasanincreasefromlastyearbothintermsofvalueandvolume.LargeexitsThelargestexitoccurredwithPaytm,whereAlibaba,BerkshireHathaway,andSoftBankCorpsoldtheirstakes.CoforgeandMankindalsosawsignificantexits,providingsubstantialprofitstotheirinvestors.OpenmarketexitsOpenmarket