Funds raised by PE/VCs to invest in India drop by 11.5% in Q2FY20

Q2FY20 witnessed the large $16 billion Flipkart-Walmart deal. If this deal is excluded, exits during Q2FY20 were almost twice the value recorded in Q2FY18

During Q2FY20, funds raised by PE/VCs for investment in India were lower by 11.5 per cent at around $2.3 billion as compared to corresponding period last year. On a year-on-year (y-o-y) basis, exits declined by 78 per cent in terms of value in Q2FY20 ($3.9 billion against $18 billion in same period last year).

According to EY data, the largest fund raise during the period was carried out by Kotak Special Situations Fund, which raised $1 billion for investment into stressed assets. 

New fund raising plans announced in Q2FY20 stood at $2.7 billion compared to $3.7 billion in Q2FY20.

Q2FY20 witnessed the large