Private equity and venture capital (PE/VC) investments in India declined 23 per cent to USD 6.7 billion in the third quarter of this year as investors adopted a cautious approach, says a report. According to EY India's Private Equity Deal Tracker, the July-September period was also the most under-performing quarter in 2018 in terms of investments. The largest deals in the July-September quarter include Softbank, Sequoia, Lightspeed and others investing USD 1 billion in OYO Rooms, KKR's USD 530 million buyout of Ramky Enviro and AION-JSW's USD 400 million buyout of Monnet Ispat.