In the first three months of 2025, Private Equity and Venture Capital (PE-VC) firms poured about $1,108 million into 14 Tamil Nadu-based companies—a massive leap from last year’s stretch.
Venture Intelligence, a research group tracking private company finances and deals, shared the numbers. In early 2024, Tamil Nadu snagged just $53 million across nine deals. This year’s figures cover venture capital-style funding but leave out PE real estate bets.
January 2025 was the hot spot for cash flow. The most significant chunk of $109 million went to Neuberg Diagnostics. Chennai’s SuperOps.ai scored $25 million, while myTVS and Geri Care also landed funding. Angel investments, though, took a hit, dropping 50% to six deals from 12 in the first quarter of 2024.
Zoom out to India as a whole, and PE-VC firms splashed over $7.9 billion across 270 deals in the same period. That’s an 8% bump from the $7.3 billion spread over 264 deals in early 2024, though it’s down a tiny 1% from the $8 billion across 262 deals in the last quarter of 2024.
Nationally, the quarter’s blockbuster was Bain Capital’s $508 million stake in Manappuram Finance, a listed gold loan firm. KKR’s $400 million buyout of a majority share in Healthcare Global, a hospital network, came in second.