February 16, 2024
1 min read

India Inc Seals $6.1B Deal Bonanza in January

The uptick in the deal activity was witnessed in private equity (PE) and presence of 2 billion-dollar investments worth $3.6 billion….reports Asian Lite News

India Inc saw 142 deals worth $6.1 billion in the month of January, marking a 15 per cent increase in volumes and a 21 per cent increase in values compared to December 2023, a new report showed on Thursday.

The uptick in the deal activity was witnessed in private equity (PE) and presence of 2 billion-dollar investments worth $3.6 billion.

“While technology sectors, spearheaded by startups and e-commerce, continue to drive PE momentum, the emergence of Krutrim SI Designs (co-founded by Ola’s Bhavish Aggarwal) as India’s first unicorn sets an early milestone,” said Shanthi Vijetha, Partner, Growth at Grant Thornton Bharat.

“The prevailing positive sentiment suggests a buoyant outlook for deal making in 2024, signalling optimism and strategic evolution in the investment landscape,” Vijetha added.

The Indian mergers and acquisitions (M&A) space recorded 41 M&A deals at $1.4 billion, reflecting an 8 per cent increase in deal volume but a significant 64 per cent decline in values compared to December 2023.

The PE space witnessed 101 deals at $4.7 billion, indicating a 17 per cent increase in volumes and a 298 per cent rise in values compared to 2023, the report said.

Start-ups dominated deal volumes, reaching a high of 69 deals worth $253 million, driven by segments such as retail, fintech, enterprise applications, and health tech, the report noted.

ALSO READ: Moove Raises $10M for India Expansion

Previous Story

UP Invests Big in Religious Tourism

Next Story

Sonia sends emotional message to Rae Bareli voters

Latest from Business

GST Reform Fuels Record Car Sales Surge

India’s automotive industry is experiencing a massive boost following the implementation of GST 2.0, with car sales more than doubling to over half a million units in just a month, according to

India’s E&M Sector Enters a New Growth Phase

India’s cinema market is multilingual, and many regional industries are now rivalling Hindi output in volume and box-office share … writes Rafeek Ravuther The Indian film sector is undergoing a meaningful transformation.

SBI Simplifying KYC Process

SBI’s research arm noted that the RBI’s decision to maintain the policy rate reflects a balanced approach amid global uncertainties, supported by stable liquidity and external conditions State Bank of India (SBI)

UPI Powers Digital Revolution

New innovations such as LiteX (offline payments), tap-and-pay, credit card integration, UPI Autopay, and UPI for IPO subscriptions are pushing the platform from a payment tool to a full-fledged embedded finance ecosystem Unified
Go toTop

Don't Miss

India, UAE hold talks on India Middle East Europe Economic Corridor

Indian Embassy in Abu Dhabi stated, “The visit, which took

Jailed Navy veterans get 60 days to appeal in Qatar

The MEA’s legal team possesses the confidential court order detailing