Maharashtra, Bengaluru top PE funding in 2016: Report

With deals worth $4.4 billion, Maharashtra pipped Karnataka and Delhi-NCR in terms of attracting private equity and venture capital investments in 2016, a report by News Corp VCCEdge today said.

"With 303 deals worth $4,462 million, Maharashtra topped the chart of states attracting private equity and venture capital investments. Karnataka came in second having attracted funding worth $2,518 million from 280 deals," the report for calendar year 2016 said.
Delhi-NCR saw 190 deals worth $1,302 million, it added.

City-wise, Bengaluru pipped Mumbai in terms of number of PE/VC deals with the former recording 277 deals compared to 227 deals in the financial capital of the country.

However, while Mumbai outscored Bengaluru in value terms, registering deals worth $4,338 million as against $2,493 million worth of deals in the tech city.

New Delhi witnessed 165 deals amounting to $1,253 million, while Gurugram registered 110 deals worth $1,001 million, the report said.

Maharashtra also topped the state tally of mergers and acquisition (M&A) with 243 deals to the tune of $23,911 million.

Haryana saw 66 such deals worth $11,837 million, while Karnataka registered 130 M&A deals amounting to $2,305 million, the report added.

Mumbai witnessed 198 M&A deals worth $23,643 million, while Bengaluru witnessed 126 such deals worth $2,282 million.