By Arun Natarajan, Founder, Venture Intelligence. : The PEVC industry has emerged as a significant shaper of trends in the Indian economy during the last decade. Today, the largest Indian corporate houses - including Reliance Industries and the Tata Group - have loosened their purse strings to acquire innovative PEVC-backed companies. The public markets are welcoming rapidly scaling startups, and venture-backed startups are making audacious acquisitions of companies that are much older and better established than themselves. The value of PEVC investments in India more than quadrupled during the decade spanning 2010-2020.