Going forward deal activity is expected to be bullish for the rest of the year.
"Significant amount of dry powder among global private equity firms and positive reforms in sectors' potential of yielding high returns is expected to make India Inc a favourable destination for PE investments," Chopda said.
A sectorwise analysis showed that start-ups dominated investment landscape as this space accounted for 57 per cent of total investment volumes.
Fintech and data analytics and AI were the active segments with six deals each, followed by the retail and discovery platform space with five investments each.
To fund the largest acquisition of Arysta Lifescience Inc, UPL Ltd raised $1.2 billion, marking the largest funding so far in 2018.
The report further noted that sectors such as real estate, e commerce and pharma also attracted investments of over $100 million, indicating an encouraging trend.