Expanding Private Equity Secondary Market Growth in India
India's Private Equity and Venture Capital Market: A Growing Presence in the Global Secondaries Market
India's private equity and venture capital (PE/VC) market is witnessing a robust growth, with significant investments pouring in and the market deepening. However, the exact share of India in the global private equity secondaries market over the last 18 months remains unquantified.
Recent reports highlight an 11% increase in PE/VC investments in the first half of 2025 compared to the second half of 2024, and a 19% year-on-year decline in the same period. Yet, there is no specific figure detailing India's proportion of the global secondaries market.
A survey of Indian private credit fund managers suggests that the secondaries market is growing, with around 50% considering dedicated secondaries funds strategically relevant. The market remains nascent due to limited deal flow, but rising demand and transaction volume indicate a gradual maturity.
Global private equity fundraising data indicates $250 billion raised across all private equity strategies including secondaries in H1 2025, but does not break down geographic shares to isolate India’s contribution.
Notable investments include Rikun, an electronics manufacturer, which has attracted multiple investors and received a funding of $130 million. The Sleep Company, backed by PremjiInvest, has also raised Series D funding.
The growth of India's private equity markets can be seen in the increased size of deals and the deepening markets. However, the M&A activity in India remains muted compared to the robust PE/VC investment trends.
One of the significant M&A deals is ChrysCapital's buyout of Theobroma, a consumer-focused company. This buyout is a testament to the growing confidence in India's private equity market.
Despite the lack of precise market share data, the strength of the secondaries ecosystem in India can be assessed by deriving India's share in the global private equity market. For more specific and detailed insights, it may be necessary to consult specialized industry reports or databases focusing explicitly on global secondaries volumes and regional market analyses.
In conclusion, while India's private equity and venture capital market is growing and capturing secondaries momentum, the exact share in the global secondaries market remains to be quantified. The market is nascent but growing, with increasing strategic relevance according to market participants. The robust PE/VC investment trends in India continue, but the M&A activity remains muted.
- Some market participants are considering dedicated secondaries funds due to the growing private equity and venture capital market in India, signaling an increasing strategic relevance of the secondaries market.
- To determine India's exact share in the global private equity secondaries market, it may be necessary to consult specialized industry reports or databases focusing explicitly on global secondaries volumes and regional market analyses.
