India-based private equity and venture capital fund firms' assets under management (AuM) have almost tripled from just $10bn at the end of 2008 to $28bn as of June 2018.

According to Preqin, this growth has accelerated since 2015, spurred by strong fundraising momentum: 2015 set a fundraising record for the country, only for 2017 to surpass it, and annual capital