IFA Global Weekly Outlook #1

17 August, 2025

Markets This Week: PE-VC, Real Estate, and IPOs in Focus

India’s capital markets continued to buzz with activity last week, despite the truncated four-day trading window. Private equity and venture capital funding gained momentum for the second consecutive week, driven by a few large-ticket deals. Startups raised $371 million (₹3,248 crore) across 28 deals—nearly double the $209 million raised the week before. M&A activity also doubled, signaling strong investor appetite.

Among the marquee deals, Truemeds, a chronic care-focused online pharmacy, secured $85 million in its Series C round led by Accel and Peak XV Partners. Meanwhile, ChrysCapital entered the consumer space with its first buyout—an 85% stake in Theobroma Foods, valuing the bakery chain at up to ₹2,300 crore. On the hospital front, Rainbow Children’s Medicare Ltd acquired a 76% stake in Guwahati-based Pratiksha Hospital for ₹171 crore, marking its entry into the Northeast.

In real estate, Singapore-listed CapitaLand India Trust (CLINT) announced plans to divest select assets across office parks, warehouses, and data centers to reduce debt and optimize portfolio returns. At the same time, Brookfield India REIT consolidated its position in Mumbai’s BKC by acquiring Jet Airways’ former headquarters, reaffirming institutional confidence in Grade-A commercial assets.

On the IPO front, investors can look forward to five mainboard offerings next week, including Vikram Solar and Shreeji Shipping Global, alongside a robust SME pipeline. Domestic institutions are increasingly steering IPO allocations, with SEBI proposing to lift anchor investor quotas to 40%. With $6.7 billion raised so far this year and a record $23 billion in sight, India’s IPO market shows no signs of slowing down.