PE surges in Q1 2024: Deal volume hits US$5.2bn, 61.8% growth in value, reveals Forvis Mazars in India report

In Q1 2024, India’s Private Equity (PE) landscape surged, as highlighted in Forvis Mazars in India’s latest PE Deal Tracker Report. With 310 transactions totaling around US$5.2bn, this period marked a significant resurgence from previous quarters. Notably, it’s the most active quarter since Q4 2022 in terms of deal volume, with a remarkable 61.8% growth in deal value compared to Q1 2023, which stood at US$3.2bn. Transaction numbers rose by 26.5%, from 245 deals in Q1 2023 to 310 deals in Q1 2024, showcasing renewed vigour in India’s PE arena. Additionally, Q1 2024 saw a notable surge in PE exit activity, marking the highest number of exits since Q3 2021.