Gross invested amount in Indian VC/PE space continued to show a weak trend, with March 2016 witnessing USD 504m of reported transaction. This was less than the ~USD 624m of investment reported in Feb’16 and also less than USD 735m reported in Mar’15. For ytd 2016 (Jan-Mar’16), cumulative investment is running 33% lower than ytd 2015. 43 deals did not disclose amount invested, hence reported amount is only for 32 transactions. The deal count was dropped marginally to 75 for Mar’16, as compared to 78 for Feb’16. Deal count has been trending down over the last 7-8 months, though it does look much better on a yoy basis. Only 53 transactions were reported in Mar’15. In in with recent trend, there is a smart spurt in reported angel investments, leading to higher deal count. Sectoral allocation of investments shows a spurt in education sector this year. In March, as many as 8 deals were from this sector, as against only 1 in Mar’15. In first 3 months of 2016, education has seen 18 transactions as against 2 in the same period last year. The sector witnessed a big transaction, with Byju’s, a supplementary education company, raising as much as USD75m from Belgian fund Sofina and existing investor Sequoia. Internet based grocery supplier BigBasket.com raised USD150 from relatively conservative Abraaj Group, known more for investing in banking sector.

1. www.indiabusinessreports.com
VC/PE deals in India – Mar 2016
Sector: Venture Capital (BFSI)
Mar-2016

2. 75 deals reported in Mar’16, falling trend continues
www.indiabusinessreports.com 2VC/PE investments in India
Source: India Business Reports
50
59
53
57
67
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65
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80
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75
DEC-14 JAN-15 FEB-15 MAR-15 APR-15 MAY-15 JUN-15 JUL-15 AUG-15 SEP-15 OCT-15 NOV-15 DEC-15 JAN-16 FEB-16 MAR-16
NO OF DEALS

3. ~USD 0.5 billion in disclosed amount, least in last 24 months
www.indiabusinessreports.com 3VC/PE investments in India
*Amount invested available only for 32 deals, 43 deals chose not to disclose details Source: India Business Reports
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Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16
Amount (USD million)

4. YoY trend: YTD amount down by 33%
www.indiabusinessreports.com 4VC/PE investments in India
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Angel/VC/PE deals (Mar'16)
Amount (USD m, LHS) No of Deals (RHS)
www.indiabusnessreports.co
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ytdFY15 ytdFY16
Angel/VC/PE deals (ytd Mar'16)
Amount (USD m, LHS) No of Deals (RHS)
www.indiabusnessreports.co
m

5. Internet deals continue to pull in investment
www.indiabusinessreports.com 5VC/PE investments in India
Source: India Business Reports
Count Mar'16 Mar'15 ytd2016 ytd2015
Internet 15 14 57 50
IT/ITES 9 8 26 25
Healthcare 4 4 11 16
Media &
Entertainment 4 3 17 12
BFSI 6 7 19 14
Real Estate SPVs 4 4 15 11
Education 8 1 18 2
Food & Beverages 0 2 6 6
Others 25 15 69 31
Amount (USD M) Mar'16 Mar'15 ytd2016 ytd2015 2015
Internet 154 184 540 488 2761
IT/ITES 3 1 27 159 1085
Healthcare 0 6 81 516 778
Media & Entertainment 12 18 44 41 369
BFSI 15 124 212 928 2296
Real Estate SPVs 80 235 224 458 2285
Education 77 10 85 10 109
Food & Beverages 0 3 64 30 307
Others 163 154 654 244 3943
 Education sector has seen a surge in number of deals and deal amount in first 3 months of FY16
 Food sees increase in invested amount, so do internet and media sectors

6. Top 10 transactions reported in Mar’16
www.indiabusinessreports.com 6VC/PE investments in India
Source: India Business Reports, internet
 BigBasket has pulled in big tivket investment.
 Education play Byju’s pulls in perhaps the biggest investment in that sector in a very ling time
Target Investor (s) Amount ($m) Industry
BigBasket (SuperMarket Grocery Supplies Pvt
Ltd)
Abraaj Group 150 Internet
Crompton Greaves' international power biz First Reserve International Ltd 126 Capital Goods
Byju's Sofina, Sequoia Capital 75 Education
Salarpuria Sattva Group Knowledge City Blackstone Group 70 Real Estate
Indian Energy Exchange Motilal Oswal Private Equity 15 Miscellaneous
Multiples Alternate Asset Management CDC, Canadian and Dutch pension funds 12 Media & Entertainment
Capacite Infraprojects Ltd Paragon Partners 10 Real Estate
Safex Chemicals BanyanTree Growth Capital II LLC 9 Chemicals
Alliance Insurance Brokers Access Asset Managers 8 BFSI
Prime Venture Partners LoveCycles 5 Pharma/Healthcare

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VC/PE investments in India

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