DelhiDesk Private equity and venture capital deals in India fell for the second consecutive week due to a lack of big-ticket transactions. The week saw an almost equal mix of mid-sized and small deals, with only one transaction valued at more than $50m. Startups secured about $177m last week, less than the about $194m raised in the previous week. Similarly, deal volumes also plummeted, with PE and VC investors closing 15 transactions last week as against 20 in the previous five-day period. The week’s largest deal was Agilitas Sports, a sportswear and athleisure solutions platform, which raised $52m.
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Here is the news bullets sorted by DelhiBreakings.com team.
👉 Total value of PE/VC deals in India fell for second straight week due to shortage of big-ticket transactions
👉 Week saw mix of mid-sized and small deals, with only one transaction valued at over $50 million
👉 Startups raised $177 million last week, less than the previous week’s $194 million
👉 Deal volumes plummeted, with 15 transactions closed compared to 20 in previous week
👉 Agilitas Sports raised $52 million in largest deal, led by Convergent Finance
👉 Nodwin Gaming and Course5 Intelligence raised about $28 million each
👉 Rooter raised $16 million led by Lightbox
👉 Amazon Smbhav Venture Fund invested $13.5 million in XYXX Apparels Pvt. Ltd.
👉 WestBridge Capital bet on US firm Zscaler Inc.
👉 Four mergers and acquisitions closed last week, compared to one in previous week.
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