Chennai: boosted by large transactions private equity(PE) Venture capital (VC) Investments in the United StatesYou can also find out more about the following: JuneThe total amount of money spent in 2024 was $3.1 billion. DealsThe total amount dropped marginally.Venture Intelligence is a private platform that tracks investment data. According to their data, 71 PE/VC deals attracted $3.1 billion in investments in June, compared to 78 transactions attracting $3.2 billion in May 2024.
TPG Capital invested $900 million in digital services company Altimetrik, and $600 in Zepto. These were the two biggest investments in June. Other big-ticket deals included investments in Ugro Capital’s fintech, logistics provider Ecom Express, and eyewear brand Lenskart. The average deal size for growth ventures increased to $7 million from $5 million, and the average deal size of growth PE category jumped to $92 millions from $42million in the May-June period.
Arun Natarajan is the founder of Venture Intelligence. He said that the average deal size had increased significantly, and this has boosted total investments in June. “We are seeing a trend of mega deals returning with Zepto’s and Altimetrik’s deals. The larger deals are a sign of renewed confidence (by investors).
The linkage between the public and private markets will encourage more PE/VC inflows into the country. But, it remains to be seen if this trend continues,” he said.
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