Summary:

According to Grant Thornton Bharat's third-quarter Dealtracker report, the Indian tech sector reported agreements totaling US$ 635 million from July to September 2024, a 31% increase over the previous year. This quarter featured the largest transaction volume since Q2 2023 but recorded the lowest for 2024, emphasizing strategic investments over major acquisitions. Grant Thornton Bharat Partner Raja Lahiri stated that the recent US Fed interest rate decrease and India's postelection stability have fueled strong momentum, with 79 agreements announced.

M&A activity rebounded following a decline in the first quarter, with 26 acquisitions completed in the third quarter of 2024, representing a 44% sequential rise. Deal values increased by 205% to US$ 116 million, up from US$ 38 million in the preceding quarter. M&A volumes rose 53% year-onyear, while values dropped 89% due to fewer significant transactions. Notably, 65% of trades did not disclose their value. Investor confidence in India remains high, boosted by upcoming IPOs and increased investment in the startup sector.

Source: IBEF

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.