Whalesbook
Market Volatility Ne Kiya PE-VC Exits Par Attack!
Market mein uncertainty aur global tensions ke chalte, India mein private equity (PE) aur venture capital (VC) funds ke liye exit karna mushkil ho gaya hai. Financial Year 2026 (FY26) mein exits 40% tak kam ho gaye, jiska total volume $18.8 billion raha. Pichle saal yaani FY25 mein ye $26.1 billion tha aur tab 292 deals hui thi, jabki is baar sirf 223 deals hui hain.
Bade Deals Bhi Thande Pade, Valuation Ki Tension
Is drop ke peeche kayi reasons hain. Sabse bada reason hai market mein chal rahi volatility aur uncertain valuations. Kai bade deals bhi iss wajah se slow ho gaye. For example, KKR ne JB Chemicals mein apna 46% stake $1.4 billion mein Torrent Pharmaceuticals ko becha. Wahi Kedaara Capital ne supermarket chain Vishal Mega Mart mein apna 14.2% stake $1.2 billion mein exit kiya. Prem Barthasarathy, founder of Pontaq Ventures ke hisaab se, buyers ko lagta hai ki valuation bahut zyada gir gaya hai, aur sellers ko lagta hai ki ye aur bhi gir sakta hai. Isse deal karne mein hesitation ho rahi hai.
IPO Market Bhi Nahi De Raha Mauka
Jab koi company IPO laati hai, toh PE-VC funds ko exit karne ka ek acha rasta mil jata hai. Lekin is baar IPO market bhi kaafi weak raha, jisse exits ke liye available options bhi kam ho gaye.
Funding Bhi Giree, Sector Performance Mein Bada Farq
Overall PE-VC funding bhi FY26 mein 10% kam hokar $33.9 billion ho gayi hai, jo FY25 mein $37.8 billion thi 1,259 deals mein. Sector wise baat karein toh Artificial Intelligence (AI) ne sabse acha perform kiya, jisme $4 billion ka investment aaya. Lekin healthcare funding $8.6 billion se $3.8 billion par gir gayi, aur e-commerce ki funding bhi $4.8 billion se $3 billion ho gayi.
Future Outlook Thoda Cautious
Arun Natarajan, Founder of Venture Intelligence, ka kehna hai ki aage jaakar tech startups ke liye pre-IPO aur late-stage funding slow rehne ki ummeed hai. Aur Gulf War jaise global issues ke chalte kuch sectors, jaise quick-service restaurants aur semiconductors, mein bhi investors thoda cautious ho sakte hain.