This This was also the year with the second-lowest number of transactions and lowest values since 2014.
In 2023, India Inc The year-to date, there were 234 deals worth $4.5 billion. That’s a drop of 46% and 58% respectively.
Although The year saw a mixture of domestic and cross-border transactions across different sectors. This reflects the depth and diversity of the market. India’s Investment landscape and overall activity declined. The The continued funding freeze in the form of PE deals volumes and values was also evident this year.
In The Mergers and acquisitions (M&A) landscape, a total of 24 deals were seen at $755 million, which is 48% down in terms of volumes and 47% decline in value.
“While M&A values were dominated by cross-border deals, particularly outbound transactions, on the back of one big-ticket transaction of $578 million, the volumes continued to be dominated by domestic consolidations accounting for 67% of transactions,” Grant Thornton In a report.
The The volume of deals was led by the start-up sector with 25%. This segment was driven by fintech, which is the dominant in terms of both values and volumes. PharmaHealthcare, biotech, IT, and ITeS followed the start up sector with 17% & 13%, respectively.The In addition to a downtrend in PE investment, there was also a positive trend in FebruaryOnly 65 deals were worth $1 billion. The Month gone by saw the lowest monthly volume and value of deals since 2005 August 2020 Investments in PE
The Uncertain market conditions and the wait-and watch approach around PE funding led to a decline in PE funding. Union Budget. With The start-up sector accounted for 60% of all PE deals.
Retail Tech saw a surge in activity, followed closely by enterprise application and the edtech segments which together contributed to 54% of start-up sector volumes.
The The e-commerce sector drove month-end values thanks to three large-ticket fundings totaling more than $100 million. This The largest month ever saw its completion Series
“While The deal activity is still subdued. Indian The market still offers great opportunities for deals and investments. As The result is the Union Budget 2023 avoided populist measures in the pre-election year and prioritised long-term growth,” said Shanthi Vijetha, Partner-Growth at Grant Thornton Bharat.
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