Covid-19 impact: PE/VC investments hit 12-quarter low at $5.1 billion

At $2.2 billion, large deals declined by over 70 per cent on a year-on-year basis in the same period

Private equity and venture capital investments in India plunged from a high of $2.5 billion in January, to a three-year low of $818 million in March.
 

This made Q1CY20 the weakest quarter for PE and VC investments in the past 12 quarters, with a net $5.1 billion in investments, according to the IVCA-EY’s monthly PE/VC round-up.
 

The precipitous decline in such investments was the result of the severe disruption across markets, caused by dwindling economic activity owing to the lockdown in multiple countries.
 

The first calendar quarter witnessed investments worth $5.1 billion across 227 deals. On a year-on-year (YoY) basis,