Private Equity and Venture Capital (PE-VC) firms invested $ 415 million in 18 deals at Tamil Nadu-based companies during the third quarter of this year, data from Venture Intelligence, a service showing. of research.

The main investments in PE-VC for the quarter, which ended on September 30, went to TVS Supply Chain Solutions ($ 136 million) followed by CredAvenue, the subsidiary of Vivriti Capital, which connects institutions, investors, small businesses and individuals, who do not have access to financial services in India ($ 90 million). Ki Mobility Solution has raised $ 51 million from a fund managed by Exor, one of Europe’s leading holding companies.

In terms of angel investments, during the third quarter of 2021, around ten state-owned startups received funding. Last year, during the same period, seven startups received angel funding. Fieldproxy, IppoPay, Chai Waale, and are some of the companies that have received angel funding in recent months.

Initial public offerings

“While it is encouraging to see the record pace of PE-VC investment in India continuing, the highlight of the last quarter was the success of the Indian market’s initial public offering (IPO) focused on the consumer market. Zomato and global enterprise software as a service (SaaS) focused on Freshworks, ”said Arun Natarajan, founder of Venture Intelligence.

“Such exemplary liquidity events will increase the share of the asset allocation pie that PE-VC investing in India commands from domestic and foreign investors,” he added. During the same period in 2020, when businesses were slowly opening after the first lockdown was lifted, investors in PE-VC had invested $ 107 million in seven deals in TN businesses.

Nationally, PE-VC companies have invested a record $ 49 billion in 840 transactions in Indian companies in the first 9 months of 2021. These figures, which have already exceeded total annual investment by 39 , $ 5 billion (out of 892 transactions) in all of 2020, is a 52% increase from the $ 32.2 billion (out of 651 transactions) in the first nine months of 2020.

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