Out of the 125 companies in India that received more than US$25 million in one-time funding in calendar year (CY) 2021, Hurun shortlisted 21 companies that meet the performance and funding criteria.

The companies between places 6 and 10 are Bigfoot Retail Solutions (KartRocket.com/ShipRocket) (161% growth), Clean Max Enviro Energy Solutions (149% growth), Zerwerk Manufacturing Businesses (Zetwerk) (81%), OFB Tech (OfBusiness ) (59%) and Five Star Business Finance (53%).

Of the 103 investors who participated in investments in various rounds of financing, Hurun found 35 PE investors who have invested in companies included in the list.

According to Deepak Narayanan, CEO and Founder of Practus, private equity and venture capital investments in Indian companies have experienced a significant rebound over the past decade, reaching an all-time high of $70 billion in 2021, up 96% 2020 deal equals value except for Reliance retail and Jio deals.

“In addition, the number of deals has almost doubled from 1,100 to 2,000, a record listing of new-age companies (Zomato, Paytm, Nykaa) and a significant increase in exit momentum ($36m) with attractive valuation multiples,” he adds.

Anas Rahman Junaid, MD and Chief Researcher at Hurun India says that private equity funds along with their managers are one such catalyst that could accelerate value creation in the Indian economy.

Meanwhile, Japan-based Softbank, led by Sumer Juneja OfBusines, a company ranked in the top 10 on the Practus Hurun list, presented the largest single-round check valued at $196 million.