Private equity investment activity in India touched USD 6.8 billion in the January-March quarter by way of 130 transactions led by the IT & ITeS sector, says a PwC report.
According to the PwC MoneyTree India report, the USD 6.8 billion PE investment is second only to the around USD 6.9 billion in the third quarter of 2015. The quarterly study of private equity investment activity based on data provided by Venture Intelligence further noted that the average deal size for the first quarter of this year was around USD 52.3 million.
"With valuations at an all-time high, deal activity in the coming quarters is likely to continue at a watchful pace, with investors looking for quality deals," PwC India leader, Private Equity, Sanjeev Krishan said.
