India PE-VC Investments Dip 6% to $20.3B (Jan-July)

India’s private equity and venture capital (PE-VC) investments totaled $20.3 billion from January to July 2026. This marks a 6% decrease compared to the $21.5 billion recorded during the same period in 2025.

July 2026 alone saw $3 billion in investments, remaining relatively flat against $3.2 billion in July 2025, according to Venture Intelligence data. The largest deal that month involved Brookfield’s Lumara, a renewable energy platform, securing approximately $600 million.

Key Investment Figures

Overall PE-VC investments reached $20.3 billion from January to July 2026. This represents a 6% decline from the previous year’s $21.5 billion. July 2026 recorded $3 billion in investments, with Brookfield’s Lumara securing approximately $600 million.

Arun Natarajan, founder of Venture Intelligence, noted the figures reflect enduring confidence from both global and domestic investors in India’s private markets. This optimism persists despite global geopolitical uncertainties and public market volatility, which have suppressed IPO activity. Healthy investor exits, including the Meta-CRED deal and public market sales, also contribute to this positive outlook.

Sectoral Investment Focus

Private equity investors are prioritizing several key sectors. These include infrastructure, particularly renewable power companies, manufacturing (especially automobile and auto components), and data centers, alongside traditional areas like NBFCs and healthcare. Venture capital investors are increasingly targeting B2B software startups, with a specific focus on AI-enabled companies such as Sarvam AI and Emergent Labs.

India’s private markets demonstrated impressive resilience in the first half of 2026. Natarajan expects total PE-VC deployment for the year to be on par with 2025, assuming global macroeconomic conditions remain stable.