Comments
India came in second among the Asia-Pacific nations in terms of venture capital activity in the full year 2021 at $36.5 billion, up 217 per cent from a year ago, the latest report on Asia Pacific Private Equity Investments by Refinitiv, an LSEG Business, showed.
China led the Asia-Pacific nations with venture capital activity of $83.3 billion, up 65.5 per cent over 2020 levels. In all, Asia-Pacific venture capital activity totaled $152.2 billion across 6,272 transactions in the full year 2021. This reflected a 106.9 per cent increase in value and 69.1 per cent increase in volume from the same period in 2020, the Refinitiv report showed.
Top venture investments
The Asia-Pacific’s top three venture stage investments totaled $10.5 billion, completed in the full year 2021. The largest is Taiwan’s Footprintku Inc with $3.8 billion, followed by Flipkart Online Services Pvt Ltd of India, with $3.6 billion in equity value. Rounding out the top three is SVOLT Energy Technology Co Ltd from China amounting to $3.1 billon.
Asia-Pacific buyout deals
In 2021, Asia-Pacific buyout stage investments totaled a record high of $105.6 billion, a 61.2 per cent increase compared to a year ago. By the number of deals, there were 647 transactions during the year, an increase of 83.8 per cent compared to the full year 2020. A buyout is the acquisition of a controlling interest in a company.
After Australia and China, India was third with $16.2 billion and 176 deals for the full year 2021, a 93.4 per cent increase compared to the full year 2020. Australia took the lead with $33.6 billion in value, a 241.4 per cent increase from the same period in 2020. China followed with $24.0 billion in value, up 298.8 per cent from a year ago.
Hexaware Technologies Ltd is among the top five PE buyout deals in Asia, with a deal value of $3 billion. Among the top Asia Pacific venture capital deals were renowned names such as Flipkart Online Services Ltd with a deal value of $3.6 billion; Bundl Technologies Pvt Ltd ( Swiggy) at $2.05 billion, Think and Learn (BYJU’s) at $1.75 billion; Blinkit India (formerly Grofers) $1.37 billion and Sporta ( Dream 11) with a deal value of $1.24 billion. Sequoia Capital India LLP ranked sixth among the most active investors in Asia Pacific venture capital Investment, with whopping participation in 90 deals.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.