Private Equity-Venture Capital investments in Tamil Nadu surge during first quarter of 2025

Private Equity–Venture Capital (PE-VC) firms invested around $1,108 million across 14 deals in Tamil Nadu based companies during the first three months of 2025. This is a massive increase when compared to the same period in 2024.

According to the data shared by Venture Intelligence, a research service focused on private company financials, transactions and their valuations, during the same period last year, the State had managed to attract only $53 million across 9 deals. The data includes venture capital type investments, but exclude PE investments in real estate.

January 2025 saw the maximum traction in terms of investments. The largest investment was the $109-million investment made in Neuberg Diagnostics. Chennai-headquartered SuperOps.ai got a funding of $25 million. myTVS and Geri Care are some of the other firms that got funded from Tamil Nadu in the first quarter of 2025. Angel investments have fallen by 50% to six deals in the first three months of 2025. During quarter one of 2024, Tamil Nadu saw 12 deals.

At the national level, the PE-VC firms invested over $7.9 billion across 270 deals in Indian companies during the first three months of 2025. The investment amount represents a 8%-rise over the $7.3 billion (across 264 deals) invested in the same period during 2024 and a minor decline of 1% when compared to the immediate previous quarter (which witnessed $8 billion being invested across 262 deals).

The largest investment in first quarter of 2025 was the $508 million investment in a publicly listed NBFC gold loan company Manappuram Finance by Bain Capital. KKR acquiring a controlling stake in hospital chain Healthcare Global for $400 million was the second biggest deal of the quarter.