Private equity deals made in India the month of July 2025
Private equity (PE) and venture capital (VC) investment activity in India experienced some fluctuations in the first half of 2025 (1H 2025). While overall PE/VC investments in India were lower in 1H 2025 compared to 1H 2024, there was an increase in value terms compared to the second half of 2024 (2H 2024).
Key highlights
- Increased investment in 1H 2025 compared to 2H 2024: PE/VC investments in India saw an 11% increase in value terms in 1H 2025 compared to 2H 2024, according to the EY-IVCA monthly PE/VC roundup.
- Infrastructure is a top sector: Infrastructure emerged as the leading sector for PE/VC investments in 1H 2025, followed by financial services and technology.
- Notable PE exits: CPP Investments exited its Indian mall venture with Phoenix Mills in July 2025, generating approximately $635 million in proceeds.
- Fundraising success: India has seen a record year in domestic fundraising, with ChrysCapital securing ~$2.1 billion in 2025 for the country’s largest-ever domestic fund.
- Focus on secondaries: Neo Asset Management launched a PE secondaries fund in July 2025, betting on secondaries in India’s slow exit market, according to DealStreetAsia.
- Strong interest in specific sectors: Continued investor interest is expected in financial services, healthcare, and real estate sectors.
- Cybersecurity investment: Safe Security, a Palo Alto-based cybersecurity firm, raised $70 million in a Series C round led by Avataar Venture Partners in July 2025, according to Mint.
Potential challenges
- Global trade tensions: Global trade tensions introduce uncertainty into the investment outlook.
- Slow exit market: While exits are expected to accelerate in 2025, corrections in public markets could potentially temper momentum.
Overall, the Indian private equity market demonstrates a mix of opportunities and challenges in July 2025. Continued investor interest in key sectors, coupled with strong domestic fundraising, points to potential growth. However, global uncertainties and a potentially slow exit market will require a disciplined and adaptive approach from market participants.
