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PE/VC round up | April 2026
Our roundup highlights the Private Equity/Venture Capital investment activity in India.
A snapshot of PE/VC activity during April 2026
According to the EY-IVCA monthly PE/VC roundup, private equity and venture capital investments in India decreased by 51% in month-on-month in value terms.
- Investment activity subdued:
PE/VC investments in India stood at US$2.7 billion across 83 deals, marking a 49% decline year-on-year and 51% drop month-on-month — the lowest monthly investment value in nearly 2.5 years. - Growth capital emerges as the key driver:
Growth investments led activity with US$1.4 billion deployed, becoming the largest deal segment during the month. - Startup momentum moderates:
Startup investments totaled US$756 million, reflecting a significant slowdown compared to prior periods. - Infrastructure remains a strategic priority:
Infrastructure continues to attract sustained investor interest, recording its highest share of investments since 2021, with renewables and transport assets leading the segment. - Sectoral trends led by real estate and financial services:
- Real estate: US$699 million (top sector)
- Financial services: US$440 million
- Technology: US$361 million
Together, these sectors accounted for 55% of total investments.
- Decline in large deals and overall deal activity:
Large deals contributed US$1.7 billion across nine transactions, reflecting a notable decline in both value and volume. - Exits show resilience despite slowdown:
PE/VC exits stood at US$730 million across 15 deals, registering an 18% year-on-year increase, led primarily by secondary transactions (59% of exit value). - Macroeconomic factors weigh on sentiment:
Currency depreciation, elevated commodity prices, and valuation gaps between buyers and sellers have led to cautious investor behavior despite significant dry powder availability. - Outlook: Short-term caution, long-term confidence:
While near-term investment activity is expected to remain measured, India’s strong macro fundamentals and long-term growth trajectory continue to underpin positive medium- to long-term investor outlook.
Download the EY-IVCA PE/VC roundup April 2026
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Our press releases
Mumbai, 30 April 2026.Indian PE/VC investment activity moderates to US$13.1 billion across 360 Deals in 1Q2026 according to the EY-IVCA Report.
PE/VC investments in India reachUS$2.7 billion across 83 Deals in April 2026: EY-IVCA Report
Mumbai, 25 April 2026: According to the EY-IVCA monthly PE/VC roundup, private equity and venture capital investments in India decreased by 51% in month-on-month in value terms.
India’s PE/VC industry staying on the front foot despite global headwinds: EY–IVCA Trendbook 2026
Read how Indian PE/VC investments continued their upward trajectory, reaching US$60.7 billion across 1,475 deals—an 8% year on year increase.
PE/VC Investments in India reach US$5.3 billion across 102 deals in October 2025 : EY-IVCA Report
Mumbai, 28 November 2025.PE/VC Investments in India reach US$5.3 billion across 102 deals in October 2025 according to the EY-IVCA Report.
PE/VC Investments in India reach US$11.7 billion across 369 deals in 3Q2025 : EY-IVCA Report
Mumbai, 18 October 2025. PE/VC Investments in India reach US$11.7 billion across 369 deals in 3Q2025 according to the EY-IVCA Report
PE/VC Investments in India reach US$2.8 billion across 115 deals in August 2025: EY-IVCA Report
Mumbai, 29 September 2025: According to the EY-IVCA monthly PE/VC roundup, private equity and venture capital investments in India decreased by 31% in August 2025 compared to July 2025 in value terms.
PE/VC Investments in India reach US$4 billion across 115 deals in July 2025: EY-IVCA Report
Read how India’s PE/VC investments hit US$4B in July 2025 over 115 deals boosted by fintech, healthcare exits, strong deal flow and investor confidence.
PE/VC Investments in India reach US$26.4 billion across 593 deals in 1H2025: EY-IVCA Report
Mumbai, 29 July 2025, PE/VC Investments in India reach US$26.4 billion across 593 deals in 1H2025 according to the EY-IVCA Report.
PE/VC Investments in India reach US$2.4 billion across 97 deals in May 2025: EY-IVCA Report
Mumbai, 23 June 2025.PE/VC Investments in India reach US$2.4 billion across 97 deals in May 2025 according to the EY-IVCA Report.
PE/VC Investments in India reach US$4.7 billion across 108 deals in April 2025: EY-IVCA Report
Mumbai, 19 May 2025. PE/VC Investments in India reach US$4.7 billion across 108 deals in April 2025 according to the EY-IVCA report.
Mumbai. 23 January 2024. PE/VC Investments in 2024 cross US$56 billion helped by an all-time high volume of 1,352 deals according to the EY-IVCA Report
October 2024 recorded PE/VC Investments worth US$4.7 billion across 91 deals: EY-IVCA Report
Mumbai, 18 November 2024.October 2024 recorded PE/VC Investments worth US$4.7 billion across 91 deals according to the EY-IVCA Report
Mumbai, 17 October 2024. 3Q2024 recorded PE/VC Investments worth US$8.8 billion across 283 deals; 40% y-o-y decline according to the EY-IVCA Report
August 2024 recorded PE/VC Investments worth US$2.9 billion across 92 deals: EY-IVCA Report
Mumbai, 16, September 2024. August 2024 recorded PE/VC Investments worth US$2.9 billion across 92 deals according to the EY-IVCA report.
July 2024 recorded PE/VC Investments worth US$2.7 billion across 81 deals: EY-IVCA Report
July 2024 recorded PE/VC Investments worth US$2.7 billion across 81 deals according to the EY-IVCA Report.
Mumbai, 22 July, 2024. PE/VC Investments increase to $31.5 Billion in 1H2024, Marking 8% Year-on-Year Growth according to the EY-IVCA Report
Mumbai, 21 March 2024.PE/VC exits in February 2024 recorded a 303% y-o-y surge at US$2.9 billion according to the EY IVCA Report.
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