India gets record investments from PE firms

New Delhi: India saw record flow of investments from private equity (PE) and venture capital (VC) firms in 2015, with the consumer technology sector receiving a major chunk of them.

The country witnessed investments worth $22.4 billion last year, up 47 percent from $15.2 billion in 2014, according to a report by Bain & Co India Pvt Ltd.

While investments in consumer technology went up 46 percent to $6.9 billion last year, real estate, banking, financial services, and insurance also attracted significant investments.

Investment of $700 million in Flipkart by Tiger Global Management and Steadview Capital Management and a $635-million investment by Alibaba and SAIF Partners in Paytm were the top deals last year.