Despite weak economic recovery, foreign investors are keen to invest in India

MUMBAI: Investors with huge money in hand are keen to invest in Indian companies, especially tech start-ups, in the post-Corona era. Analysts say investors have so far invested a record 20 billion in public and private equity deals so far this year.

Global investors are flocking to online platforms in India with an eye on India's middle class people with cheap smartphones and easy internet connection. Some foreign investors are leaving China and looking to India because of the Chinese government's regulatory action against its technology companies, an analyst said.

Although the economic recovery has been weakened by the serious impact of the second wave of Corona, India is seeing a surge in fundraising by e-commerce platforms and food delivery app operators. Private equity deals, which include placements and pre-IPO funding rounds, have raised 3 billion so far this year. In 2020, રુ 3 billion was raised through this route.

Of the ૨૨ 6 billion in private equity deals in the first six months of the current year, રોકાણ 12.51 billion has been invested by foreign investors. In addition, ૪૩ 2.50 billion has been raised so far this year through six IPOs. As of the same period last year, ૨૪ 1.5 billion had been raised through IPOs. The second major IPO is also set to come in the rest of the current year.