Private Equity

Investors are betting on asset-light, high-margin models that provide cheaper alternatives to hospital stays while maintaining clinical rigour.

Fintech funding stayed steady in 2025—but capital narrowed sharply to wealth platforms, payments giants and secured lenders, as investors shunned riskier models and waited for clearer profitability.

Kedaara Capital is set to acquire a majority stake in Tynor Orthotics at a ₹3,500–4,000 crore valuation, enabling Lighthouse Funds’ exit and funding the company’s next phase of expansion.

Including green-shoe options and full target sizes, India-focused VC and PE funds launched or currently in the market in 2025 are seeking about $9 billion in total. But so far only around $2.5 billion has been closed. A VCCircle report pegs uninvested capital or ‘dry powder' at around $100 billion.

This market shift signals a more discerning approach from investors, who are increasingly favouring control deals for deeper operational involvement and clearer exit strategies.

Calendar 2025 saw investment banks, both domestic and global, earn a staggering $1.5 billion in fees from clients for executing deals. This is likely to translate directly into higher bonuses for top bankers from January, industry experts and headhunters said.

While these investors offloaded ₹20,643 crore worth of stock in 2025, the highest since 2021, they backed fewer than one in five listings this year, the lowest in at least a decade.

Fund managers smell an opportunity to get even bigger

The Dubai-based private equity firm is looking to fold the Bengaluru-based restaurant chain into a larger food platform as investor interest in mid-sized dining brands accelerates.