1、 India Private Equity Report 2025A new horizon:PE-VC investments find balance after a two-year descent.235302_India VC Report 20.ign_v2Arpan Sheth is a partner in Bain&Companys Washington,DC office.He is the head of the firms global Innovation and Design practice and leads the India Private Equity a

2、nd Alternative Investors practice.Sriwatsan Krishnan is a partner in Bain&Companys Mumbai office.He co-leads the India Private Equity and Alternative Investors practice.Aditya Shukla is a partner in Bain&Companys Mumbai office.He is a leader in the India Private Equity and Alternative Investors prac

3、tice.Prabhav Kashyap is a partner in Bain&Companys New Delhi office.He is a leader in the India Private Equity and Alternative Investors practice.Ashish Kumar is an associate partner in Bain&Companys Bengaluru office.He is a leader in the India Private Equity and Alternative Investors practice.Arjit

4、a Sharma is an associate partner in Bain&Companys New Delhi office.She is a leader in the India Private Equity and Alternative Investors practice.Copyright 2025 Bain&Company,Inc.All rights reserved.Key contactsArpan Sheth in Mumbai and Washington,DC()Sriwatsan Krishnan in Mumbai()Aditya Shukla in Mu

5、mbai()Prabhav Kashyap in New Delhi()Ashish Kumar in Bengaluru()Arjita Sharma in New Delhi()For media queries:Sitara Achreja()AcknowledgementsWe deeply thank the Bain India team,including Mohit Mundhra,Tanushka Lahiri,Ishita Singh,and Chirag S.,for their notable contributions,in-depth research,and an

6、alytical rigor.We also wish to thank the Bain Capability Network team,including Munish Basrar,Varun Chugh,Akshit Jain,Arsheya Srivastava,Priyanshi Agrawal,Mitashi Sinha,Arjun Sachdeva,and Ayan Bindra,and the editorial team,including Shelza Khan and Emily Gref,for their support.About the authors33530