According to assurance, tax and advisory firm Grant Thornton, private equity investment in India rose by a whopping 47 per cent to USD 3.1 billion in the July-September 2014 period from the same period a year ago attributed mainly to the Flipkart deal.
In volume terms, private equity investments registered a growth of 37 per cent from the year ago period in the July-September 2014 quarter. In the quarter ended September 30, 2014, the number of private equity deals stood at 157, Grant Thornton said.
In July-September 2013, private equity investments stood at 115, valued at a total USD 2.12 billion.
"Private equity witnessed a 47 per cent increase in values led by the billion dollar investment in Flipkart and 37 per cent increase in volumes driven by the IT&ITeS sector with over 40 per cent share in total deal volume," the report said.
In the July-September 2014 quarter, there were 15 deals, each worth over USD 50 million, while two transactions were over USD 100 million and there was one USD 1 billion investment. In comparison, there was only 9 deals worth over USD 50 million each in the July-September 2013 period.
"We believe that this momentum of deal activity will continue to increase and we look forward to closing the year on a high note", Grant Thornton said.