With $40 billion, private equity players hope to better 2019 investments

RIL shores up the numbers, with $17 bn through PE, sovereign funds in 3 deals

Private equity (PE) players are expecting they will deploy close to $40 billion in India this calendar year, bettering what they did last year, despite the economy being in the pandemic grip.

PE deals worth $37.04 billion were signed last year, according to the VCCEdge data.

While big companies like Reliance Industries have not run short of PE money, nor have start-ups, which require angel funding, companies looking at venture capital (VC) funds have taken the knock, say PE experts.

Reliance Industries has shored up the numbers, with around $17 billion through PE and sovereign funds in three deals —stakes in Jio Platforms