Private equity and venture capital investments in India crossed $8 billion in July — the highest fund infusion in a month by PE/VC funds — amid strong investment activity in infrastructure and real estate asset classes, an EY report said on Monday. According to EY’s private equity deal tracker, July 2019 recorded investments worth $8.3 billion across 106 deals against $1.8 billion in July 2018 through 70 deals. “The $8.3 billion worth of PE/VC investments in India in July 2019 is the highest value of monthly investments by PE/VC funds ever recorded, eclipsing the previous historical monthly high of $7.1 billion invested in March 2019.” -Vivek Soni, Partner and National Leader – Private Equity, EY Click to read more.

India has displaced China to become the top market in Asia for fintech deals for the first time, according to a report. India saw 23 fintech deals during the second quarter of 2019, compared to 15 investments in China during the same period, according to The Global Fintech report from CB Insights, a global intelligence platform .Some of the notable Indian fintech deals sealed during the period of study include payments firm RazorPay’s $74m Series C round led by Sequoia Capital India and Ribbit Capital, as well as insurtech company Acko’s $65m Series C round led by Amazon. Click to read more.