private equity and venture capital firms fell to a six-year low in the first 11 months of 2020 as the uncertainties from the pandemic damped deal activity, showed data from a report by Indian Private Equity & Venture Capital Association and EY.Exits plunged 53% by value during January to November to $4.9 billion from $10.3 billion in 2019.
In terms of volume, exits fell 13% to 129 deals from 148 last year.Also Read | Inside the rumble in India’s coding jungle“Exits slowed down substantially as after the covid-19 lockdowns started in March 3rd week, the prevailing uncertainty increased business risk premiums.