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Business EconomyPosted at: Sep 13 2021 2:55PM


India Inc saw 219 deals in August worth US$ 8.4 billion, tech and start-ups dominated deal space

New Delhi, Sep 13 (UNI) Corporate deals remain at record high level with India Inc witnessing as many as 219 deals in August, 2021 worth US$ 8.4 billion, record volumes for any given month since 2005, as per a Grant Thornton report.

Private equity and venture capital firms recorded 182 deals, valued at US$ 7.6 billion during this period.

"The year has so far seen 11 deals in the billion-dollar category and 102 deals valued at and above US$ 100 million. These together accounted for 84 per cent of the total deal values in 2021," the consultancy and accounting firm said.

With improvements in industrial indicators and external demand, tech and start-up sectors continue to dominate deal activities.

The star sector of the month continued to be tech followed by education, pharmaceutical and energy sectors. The bulk of the deals were in IT solutions, data analytics, cleantech, pharmaceuticals, e-commerce, consumer retail, digital healthcare, fin-tech and ed-tech companies, whose products and services have seen strong demand during the pandemic.

“Domestic consolidation led to 68 per cent of the deal volumes in M&A. Unicorns such as Byju’s, Unacademy and Dream Sports sealed some of the M&A deals. As improvement in industrial indicators and external demand unfold, we hope economic activities would normalise in the coming months driven by pent-up demand, ongoing vaccination drive, support from policy mix and a resurgence in global growth,” said Shanthi Vijetha, Partner, Growth, Grant Thornton Bharat.

The ongoing trend indicates that both, the fund inflow and start-ups with a valuation of USD 1 billion, are likely to continue to grow and expand through the year.

Indian start-up ecosystem witnessed fund inflow of US$ 1.4 billion, as reflected by the positive funding momentum with 115 deals (63 per cent share of the PE volumes). With this, the sector topped both the volume and values chart for the month, Grant Thornton report said.

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