The availability of domestic capital could make the fundraising process for India-focused private equity (PE) and venture capital (VC) firms easier at a time when macroeconomic headwinds are prompting foreign limited partners (LPs) to pull their purse strings.
LPs pumped in $2.4 billion to PE and VC firms in the first four months of this year, which is almost a 30% drop from the corresponding period last year.