Private equity, venture capital investments hit US$ 5.3 billion in October: EY-IVCA
- IBEF
- December 1, 2025
Private equity (PE) and venture capital (VC) activity remained resilient in October 2025, with total investments rising to Rs. 47,403 crore (US$ 5.3 billion) across 102 deals, a 9% increase YoY despite a slowdown in deal volumes. Pure-play PE/VC inflows hit a 13-month high at Rs. 44,720 crore (US$ 5 billion), driven by strong interest in public-market opportunities and renewed appetite for early-stage bets. Private investment in public equity deal (PIPE) surged nearly tenfold to Rs. 18,782 crore (US$ 2.1 billion). In comparison, start-up investments rose sharply to Rs. 17,888 crore (US$ 2 billion), up 175% YoY. Large transactions dominated overall activity, with nine deals worth Rs. 33,093 crore (US$ 3.7 billion) accounting for 70% of monthly inflows. The biggest was International Holding Company acquiring a 43.46% stake in Sammaan Capital for Rs. 8,944 crore (US$ 1 billion). Financial services led sectoral investments with Rs. 25,938 crore (US$ 2.9 billion), followed by e-commerce and technology, which together made up more than three-quarters of total inflows.
Exits slowed considerably to Rs. 5,724 crore (US$ 640 million), down 43% from a year earlier, impacted by subdued open-market activity. The largest exit came from Advent’s Rs. 1,664 crore (US$ 186 million) stake sale in Aditya Birla Capital. Fundraising gained strong traction, rising to Rs. 16,099 crore (US$ 1.8 billion), supported by HSBC’s Rs. 8,944 crore (US$ 1 billion) fund for start-ups. According to EY, the broader investment climate is being shaped by robust capital markets, healthy corporate earnings in key sectors, and supportive macroeconomic signals such as easing inflation and strong Goods and Services Tax (GST) collections. While valuation gaps remain a challenge for deal-making, policy developments and the possibility of a future United States (US)-India Free Trade Agreement (FTA) could act as catalysts for improved investor sentiment.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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