After the surge of PE investment in Dec’16, things once again turned tepid in the VC/PE world. Reported investment was just USD 361m in Jan’17, from 29 deals. Total reported deals were 68, the rest did not disclose deal amounts. Among the notable deals was Warburg Pincus picking up 14% stake in listed multiplex operator PVR Limited for USD120m. This was a secondary transaction, with the promoter and existing investor Multiples PE fund selling stakes. There were couple of large deals in the healthcare space, with online doctor listing site Practo raising USD55m from Chinese firm Tencent, and nutraceuticals API maker Omniactive Health Technologies raising USD35m from Everstone Capital.

1. www.indiabusinessreports.com
VC/PE deals in India – January 2017
Sector: Venture Capital (BFSI)
Jan-2017

2. 68 deals reported in Jan’17
www.indiabusinessreports.com 2VC/PE investments in India
Source: India Business Reports
50
59
53
57
67
59
65
91
80
96
84
84
87
85
78
75
68
73
59
49
70
59
72
66
86
68
NO OF DEALS

3. USD 361m reported in Jan’17
www.indiabusinessreports.com 3VC/PE investments in India
*Amount invested available only for 29 deals, 39 deals chose not to disclose details Source: India Business Reports
8,000
9,000
10,000
11,000
12,000
13,000
14,000
15,000
-
500
1,000
1,500
2,000
2,500
3,000
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 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16
Amount Invested ($ million)
Monthly amount Rolling 12 month Amount

4. Jan’17 compares poorly with Jan’16
www.indiabusinessreports.com 4VC/PE investments in India
0
10
20
30
40
50
60
70
80
90
0
100
200
300
400
500
600
700
800
900
Jan'16 Jan'17
Angel/VC/PE deals (Jan’17)
Amount (USD m, LHS) No of Deals (RHS)
www.indiabusnessreports.com
820
830
840
850
860
870
880
890
0
2000
4000
6000
8000
10000
12000
14000
16000
2015 2016
Angel/VC/PE deals (2016)
Amount (USD m, LHS) No of Deals (RHS)
www.indiabusnessreports.com

5. Momentum in healthcare and education continues
www.indiabusinessreports.com 5VC/PE investments in India
Source: India Business Reports
Deal Count Jan'17 Jan'16 2016 2015 2014
Internet 14 20 195 283 88
IT/ITES 13 9 88 111 94
Healthcare 6 7 106 51 53
Media & Entertainment 3 7 53 49 41
BFSI 2 5 80 63 53
Real Estate SPVs 4 3 48 54 41
Education 6 6 52 46 29
Food & Beverages 4 4 44 50 26
Others 16 24 175 174 131
Amount (USD M) Jan'17 Jan'16 2016 2015 2014
Internet 5 169 1032 2761 2971
IT/ITES 29 19 1038 1085 556
Healthcare 90 275 761 778 515
Media & Entertainment 120 21 164 369 400
BFSI 32 53 1421 2296 896
Real Estate SPVs 5 75 1898 2285 854
Education 21 0 183 109 108
Food & Beverages 0 58 257 307 247
Others 58 131 3767 3943 2195

6. Top 10 transactions for the month
www.indiabusinessreports.com 6VC/PE investments in India
Source: India Business Reports, internet
 Practo continues to attract money, needs to build traction quickly
Target Investor (s) Amount ($m) Industry
PVR Ltd Warburg Pincus 120 Media & Entertainment
Practo Tencent 55 Pharma/Healthcare
OmniActive Health Technologies Everstone Capital 35 Pharma/Healthcare
Saurashtra Freight Pvt. Ltd Fairfax India Holdings 30 Logistics
Muthoot Microfin Ltd Creation Investments Llc 30 BFSI
Cuemath CapitalG, Sequioa 15 Education
LEAP India IndiaNivesh Growth Fund, Sixth Sense and TCI
Ventures
13 IT/ITES
BlackBuck IFC 10 Logistics
NowFloats Technologies Pvt. Ltd, Iron Pillar and IIFL (Seed Ventures Fund I & Cash
Opportunities Fund)
10 IT/ITES
Securens Systems Mayfield India, Trifecta Capital, 5 IT/ITES

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VC/PE investments in India

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