PE/VC investments jump 31% to $5.6 billion in November: Report
Mumbai: Private equity and venture capital investments in the country surged 31 per cent to $5.6 billion in November, according to a report on Tuesday.
This has helped narrow the gap in overall deal activity, with total investments reaching $49.3 billion in the first 11 months of 2025, accounting for 88 per cent of the $56.2 billion deal value recorded in the previous year, it added.
The report by industry lobby group IVCA and consultancy firm EY said the deal values in November rose 4 per cent compared to $5.4 billion in October.
By number of deals, the transactions were flat at 101 year-on-year and slightly higher than 109 in October.
The deals are expected to close broadly in line with, or marginally below, last year’s total, the firm’s partner Vivek Soni said.
“Valuations continue to remain elevated, and the bid-ask spread between sellers and investors continues to be the main impediment to faster PE/VC deal closures. We remain cautiously optimistic and look forward to the US-India FTA, which could potentially help reset investor risk appetite,” he added.
At $2.1 billion, buyout investments accounted for the largest share of PE/VC activity in November 2025, recording a 37 per cent rise
year-on-year.
Startup investments ranked second at $1.7 billion, up 56 per cent, and growth investments came third by more than doubling to $811 million.
From a sector perspective, real estate led with $3.7 billion being deployed, followed by infrastructure with $531 million and financial services at $484 million, the report said, adding that the three sectors accounted for 84 per cent of overall PE/VC bets.
There were 23 exits worth $3.2 billion in the month compared to $3.7 billion in the year-ago period, it said, adding that exits through IPO were the highest at $1.5 billion in seven IPOs.
PE and VC platforms have raised $2.4 billion in new fundraising in November for future deployments against $1.1 billion a year ago and $1.8 billion in the preceding October.
