India Inc sees 142 deals worth $6.1 bn in Jan amid positive sentiments

New Delhi, Feb 15 (IANS) 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.--IANSna/prw

(Disclaimer: This post has been auto published from IANS news agency without any modification to the text and has not been reviewed by editor)