As one of the fastest growing countries in the world, India’s vibrant economy offers a resilient outlook for Private Equity backed ventures. “It throws everything into the mix,” says Kylla’s Prianka Mahanty.
The country’s journey from nascent deals to larger, more complex mature ones has been long – but it’s now paying off. In 2017, private equity and venture capital investments and exits hit new all-time highs at $26.5 billion and $13 billion respectively. The number of exits also nearly doubled, further pushing the inflows from 37% in 2016 to 63% in 2017. Over 14 deals with ticket sizes over $100 million were recorded.
“Infrastructure, renewables, the financial industry and debt situations form the foundation for the majority of the deals,” notes Prianka. “For example, the Walmart-Flipkart deal in 2017 shook the world for being one of the largest e-commerce deals anywhere and made Indian commerce technology firms widely noticed. The Greenko-Orange and ReNew-Ostro Energy deals in the renewable energy sector were yet another successful milestone in India’s foreign investment story.”
And the outlook continues to be positive with further promising signs throughout 2018. These include government regulations that are more favourable for investors and multinationals that want to expand into India. “It is the right time to enter the exciting Indian market,” says Prianka. “If you are an aspirational renewable or infrastructure SME looking to explore India’s appetite for growth and expansion, the Kylla Growth Fund could be just what you are looking for.”