VCCEdge

VCCEdge Annual Deal Report 2025

Private equity investment activity in India softened further in 2025, with deal volumes declining 21% year-on-year, even as disclosed deal values increased by 14%. This divergence points to a decisive shift toward fewer but larger transactions. Investors increasingly concentrated capital in later-stage and pre-IPO companies, while Angel and Seed investments dropped to 55% of total deal volumes—down sharply from recent years—reflecting heightened scrut