A total of 44 Private Equity/Venture Financing deals (pending and completed) were announced in India, driven by Blockchain, in the last twelve months resulting in a total deal value of over $1,060.5 million. In the LTM period, February 2022 turned out to be the most prolific in terms of deal size, with a total deal value of $460.0 million, resulting in an average deal value of $92.0 million during that month. On the other hand, the month of June 2022 was the most prolific in terms of deal volume, recording a total of 6 deals, resulting in an average deal value of $3.3 million during that month.
Of the 44 deals, the deal secured between Accel; Alameda Research; Alan Howard; Animoca Brands Ltd ; Bitfinex Ltd; Blue Pool Capital; CoinFund LLC; Dragonfly Capital Partners; Dune Ventures; Elevation Capital (India); Finality Capital; Galaxy Interactive; Ghaf Capital; Kevin O’Leary; Makers Fund; Republic Capital Group; Sangha Capital; Scopely Inc; Sequoia Capital India; Seven Seven Six venture fund; Sino Global Capital; SoftBank Vision Fund 2; Sorting Hat Technologies Pvt Ltd; Sound Ventures; Spartan Group; Standard Crypto; Steadview Capital; Third Point LLC; Tiger Global Management LLC; Transcend Fund; Union Square Ventures; Variant Fund; Voodoo SAS; Work Play Ventures and Polygon Technology, was the largest Private Equity/Venture Financing deal in the India, which was valued at $450.0 million and was completed on February 7, 2022. The second-largest deal was between Andreessen Horowitz LLC; Coinbase Ventures; Paradigm Ventures; Ribbit Capital, L.P.; Sequoia Capital India Advisors Pvt. Ltd.; Tiger Global Management LLC and Bitcipher Labs LLP, while the third-largest deal was between Coinbase Ventures; DFJ Dragon Fund; Kindred Ventures Inc; Kingsway Financial Services Inc; Pantera Capital Management LP; Republic Capital LLC; Steadview Ventures and Neblio Technologies Pvt. Ltd. The Andreessen Horowitz LLC; Coinbase Ventures; Paradigm Ventures; Ribbit Capital, L.P.; Sequoia Capital India Advisors Pvt. Ltd.; Tiger Global Management LLC-Bitcipher Labs LLP deal and the Coinbase Ventures; DFJ Dragon Fund; Kindred Ventures Inc; Kingsway Financial Services Inc; Pantera Capital Management LP; Republic Capital LLC; Steadview Ventures-Neblio Technologies Pvt. Ltd deal were valued at $260.0 million and $135.0 million, respectively. The fourth-largest deal was between B Capital Group; Block.one; Coinbase Ventures; Jump Capital; Polychain Capital LLC-Neblio Technologies Pvt. Ltd valued at $90.0 million, whereas the deal between Bow Capital; Coatue Management LLC; Courtside Ventures; Dapper Labs Inc.; Samsung NEXT Fund; Sequoia Capital India; Tiger Global Management LLC-Faze Technologies valued at $17.4 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $952.4 million and accounted for nearly 89.80% of the total deals (by value) announced during the last twelve months.
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