Investment rained in August, investors were kind to these companies, Adani’s name also in the first row

August has proved to be the best month for Indian companies in terms of investment. Indian companies received record investments during the month. According to a recent report, in August this year, Indian companies received investments worth $5.2 billion in 67 deals. In terms of raising investment, Adani Group companies were also at the forefront in August.

The price doubled from a year ago.

According to IVCA-EY’s monthly PE/VC report, investments in Indian companies in the month of August were 18% higher than a month earlier i.e. July 2023. If compared to a year ago, the investment figure is more than double. This investment was 127% higher than a year ago.

The number of deals has decreased so much.

According to the report, although value investments more than doubled in the month of August compared to a year ago, the number of deals declined during the period. August 2023 saw 27 percent fewer deals than a year ago. Of the total 67 deals done during the period, 37 were exit deals worth $4.3 billion. Half of the exit deals were completed through open market sales.

Adani Power topped Infra.

If seen sector-wise, the infrastructure sector stood at the top in August 2023. Adani Group’s Adani Power Limited topped the list because of the huge investment it received from GQG Partners Inc. The month of August saw a total of 6 infrastructure deals valued at $1.8 billion.

The startup funding winter continues.

The venture capital funding phase continued in terms of startups. Venture capital investment continued to slow. There is a possibility that venture capital investment during the three months of July to September 2023 may be the lowest in the last 8 quarters. If we look at the beginning of this year so far, venture capital investment in India has declined by 69%. Globally, VC investment fell by 51% in the first six months of the year.

Also read: Bihar returns to the market, this year could be the century of IPOs, records set in September

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