With a whopping $2.2-billion fundraise by ChrysCapital, PE-VC fundraising in India has already surpassed 2024’s total, signalling strong investor confidence in the country as a long-term investment destination.
This year, PE-VC firms have raised a total of $9,484 million so far, a 32% jump over 2024, show data available with research firm Venture Intelligence.
Interestingly, this also marks the second-highest annual total in the last five years after 2022, when $11,563 million was raised.
India continues to stand out as a bright spot for private capital globally, backed by a young population, growing consumer base, and steady domestic demand, said experts tracking the sector.
Besides, the country’s expanding middle class, rapid digital adoption, and manufacturing push under the China-plus-one strategy have made it an attractive long-term bet for global investors.
As the industry matures, more exit opportunities through IPOs, secondary deals, and mergers and acquisitions (M&As) have also boosted confidence in the market, even as fundraising slows in many other emerging economies.
“Investors recognise that India represents one of the world’s most compelling long-term investment opportunities, underpinned by favourable demographics, rising consumption, rapid digital adoption, and supportive policy frameworks,” Gaurav Ahuja, partner at ChrysCapital, told DealStreetAsia.
With the latest fund, “ChrysCapital is well positioned to back ambitious entrepreneurs with long-term patient capital value-creation and operational expertise”, added Ahuja.
Apart from ChrysCapital, which closed its 10th fund—the country’s largest-ever PE fund—other notable fundraises have come from investors such as Quadria Capital, which closed its third fund with total commitments of $1.07 billion in May.
Among other large raises, Motilal Oswal Alternatives has so far garnered $800 million for its fifth fund, which has a target corpus of $950 million. The firm made its first close in August.
A91 Partners also announced the final close of its third fund at $665 million in April, while Accel India, in the VC space, closed its fund at $650 million earlier this year.
TVS Capital Funds and Alpha Alternatives joined the list with fundraises of over $400 million each.
Last year, Kedaara Capital took centre stage with its $1.73-billion fundraise.
Interestingly, fundraising activity in India picked up only in the second half of 2025. In the first half, capital raised by PE-VC investors fell by over 30% year-on-year, driven by global macroeconomic trends and geopolitical tensions, including ongoing wars and trade disputes involving the US, which made many LPs increasingly cautious.
