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Indian PE/VC investment flows drops by 69 % in July, after good six months

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PE/VC investments in July 2022 were the lowest in over a year, both in terms of value and volume, according to IVCA-EY monthly tracker. PE/VC investments flow in July 2022 were 69% lower than the value recorded in July 2021 ($9.7 billion) and 40% lower than investments in June 2022 ($4.9 billion). July 2022 recorded 74 deals, 45% lower than July 2021 (134 deals) and 37% lower than deals in June 2022 (118 deals).  The share of pure play PE/VC investments (excluding real estate and infrastructure sectors) too dropped to a low of 40% in July 2022, compared to 90% in July 2021 and 82% in June 2022. The sharp drop in PE/VC investments was precipitated by a decline in both start-up and growth investments, each recording a decline of over 75% in value and over 30% in volume, according to the tracker. July 2022 recorded just six large deals (deals of value greater than or equal to $100 million) aggregating $2.2 billion, compared to 20 large deals worth $8.3 billion in July 2021 and 12 deals wo
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EV share in auto components to be 9-11% by fiscal 2027, says Crisil

 Revenue of the electric vehicle (EV) components’ market in India is likely to grow at a compound annual growth rate of around 76% to Rs 72,500 crore in fiscal 2027 from Rs 4,300 crore last fiscalm according to Crisil.  Share of EVs in the overall automotive components market to 9-11% — up from a negligible 1% currently — even as the supply of parts for internal combustion engine (ICE)-driven vehicles also rises.  Pushan Sharma, Director, CRISIL Research, “Improving cost viability of EVs versus ICE vehicles, and rising consumer demand for environmentally cleaner mobility will drive the transition to EVs. Among the key auto segments, two-wheelers and passenger vehicles (PVs) are seen driving the transition, with their penetration rising to 19% (from ~2.5% currently) and 7% (from less than 1% currently), respectively, over the next five fiscals1. Commercial vehicles, the other large auto segment, will see far lower penetration at ~3% (0.3% currently) because of unfavourable economics.”  
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EV companies raised $666 million from PE/VCs in 2022

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EV sector in India attracted $1.7 billion from the PE/VC investors in India. This amount has reached $ 666 million in 2022 so far.  In terms of investments, EV industry has attracted $6 billion in 2021 and is expected to gain $20 billion by 2030. EV market has observed strong attention from PE/VC investors in India with investments increasing from $ 181 million to $ 1,718 million (recording an annual growth rate of 849%). According to a report titled 'Electrifying Indian Mobility' prepared by Indian Venture and Alternate Capital Association(IVCA), India's apex body representing the interests of PE/VC industry,  in collaboration with EY and IndusLaw. In the last 2 years, there haves been investments to the tune of $550million, a huge increase from the funding received in 2019 ($390 million), in EV manufacturers like OLA Electric, EULER, Ather Energy for the development of newer and safer electric vehicles. The technology is still in a nascent stage, and there is a lot of dev
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Stage set for 44th International Chess Olympiad

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 Stage set for 44th International Chess Olympiad at Mamallapuram, which is scheduled from July 28 to August 10 in the historical town of Mamallapuram near Chennai.  Poonjeri Village in Mamallapuram, a UNESCO heritage site, located about 50 kilometres from Chennai is fully decorated and all set for the grand celebration. Its more like a festival time, Close to 2,000 participants from 187 countries are set to take part in this high profile event, which will see 49 matches. A  temporary structure, roughly about 44,000 sq. ft., roughly 60-65 per cent of a normal-sized football field, was set up for the Olympiad. The main hall will be comprising of some 50 teams, about 500 players. How to reach the venue While public transporation and cabs are available from airports, railway stations and major bus stands, Tamil Nadu Tourism Department (TTDC) will run five hop-on-hop-off buses for tourists to-and-from Mamallapuram, free of cost, in view of the Chess Olympiad. The buses would start services
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EVs to account for 9-11% of auto components revenue by fiscal 2027

 Share of electric vehicle (EVs) in the overall automotive components market is expected to be arond 9-11% by Fiscal 2027 as compared to around one per cent currently. Even as the supply of parts for internal combustion engine (ICE)-driven vehicles also rises.  According to Crisil, in absolute terms revenue of the electric vehicle (EV) components’ market in India is likely to rev up at a compound annual growth rate of around 76% to Rs 72,500 crore in fiscal 2027 from Rs 4,300 crore last fiscal. Pushan Sharma, Director, CRISIL Research said that improving cost viability of EVs versus ICE vehicles, and rising consumer demand for environmentally cleaner mobility will drive the transition to EVs.  Among the key auto segments, two-wheelers and passenger vehicles (PVs) are seen driving the transition, with their penetration rising to 19% (from ~2.5% currently) and 7% (from less than 1% currently), respectively, over the next five fiscals. Commercial vehicles, the other large auto segment, wi
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VC investment in India dipped in Q2’22, but up YoY, says KPMG report

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Source; Q2’22 edition of Venture Pulse VC investment in India dipped sequentially in Q2’22, driven in part by global geopolitical uncertainties and rising inflation. Venture financing in India surpasses $6.5 billion for the 4th consecutive quarter. During Q1 the country attracted $9.2 billion and $5.7 billion during the Q2 of last year, according to Q2’22 edition of Venture Pulse — a quarterly report, published by KPMG Private Enterprise, that analyzes key VC deals and trends globally. The largest raises outside of the US included a $805 million raise by India-based Dailyhunt. This is also the largest round of the quarter in Asia. In Asia, top 10 deals spread between China (5), India (4), Indonesia (1), Singapore (1). Other major fund raising includes $300 million lage-stage VC by Pune-based Xpressbees, $270 million Series C by Delhi-based fintech Stashfin. Nitish Poddar, Partner and National Leader, Private Equity KPMG in India quoted in the report saying "in India, the funding h
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Maharashtra houses highest number of recognized startups

Maharashtra houses highest number of recognized startups followed by Karnataka, Delhi & Uttar Pradesh Number of recognized Startups in India rose from 471 in 2016 to 72,993 in 2022 (as on 30th June 2022), according to Government data. Further, DPIIT has recognized startups which are spread across 56 diversified sectors. More than 4,500 Startups have been recognized in sectors relating to emerging technologies such as Internet of Things (IoT), robotics, artificial intelligence, analytics, etc Startup India initiative was launched by the Government on January 16, 2016. Under this initiative, entities are being recognized by the Department for Promotion of Industry and Internal Trade (DPIIT) as startups as per eligibility conditions. There is no centralized compilation of information on the investments raised by startups. Year-wise, state-wise detail of the startups recognized by the DPIIT as on 30th June 2022 is as under: State/ UTs 2016 2017 2018 2019 2020 2021 2022 Grand Total Anda
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