India's Private Equity Renaissance: A 2024 Resurgence Story

In 2024, India's private equity and venture capital investments experienced a 9% growth, reaching USD 43 billion across almost 1,600 deals. The rebound was mainly driven by venture capital and growth investments. India's position as Asia-Pacific's second-largest PE-VC destination solidified, with buyouts gaining prominence.

After two challenging years, India's private equity and venture capital (PE-VC) investments made a strong comeback in 2024, growing by 9% to reach USD 43 billion through nearly 1,600 deals, according to a newly released report by Bain & Company and the Indian Venture and Alternate Capital Association (IVCA).

This revival was largely fueled by venture capital and growth investments, while private equity dealmaking remained stable. Traditional sectors were key in driving this growth, reinforcing India's status as Asia-Pacific's second-largest PE-VC hub, which accounted for about 20% of the region's total investments.

The report highlights a strategic shift towards buyout deals, which made up 51% of overall PE deal values in 2024. Sectors like IT, financial services, and healthcare saw robust growth, while real estate and infrastructure dominated with a 70% surge in deal value over the previous year.