India Inc sees 67 deals valued at $648 million in Q1 of 2024: report
technology sector particularly flourished, experiencing a 25% increase in deal values compared to the previous quarter, driven by five high-value deals (≥$50 million), constituting 59% of total deal activity, Grant Thornton Bharat's Q1 Technology Dealtracker said on Thursday.
The report stated that despite a funding slowdown and economic uncertainty, India’s tech startup ecosystem secured the fourth-highest funding globally. Further, it said that Krutium AI emerged as one of the two unicorns in the quarter. Both M&A and PE activity witnessed increased deal activity over last two quarters.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisit«India's tech landscape has proven its robustness, growing 3.8% in FY2024, a testament to its endurance amid economic flux,» Raja Lahri, Partner & Technology Sector Leader of Grant Thornton Bharat said in a statement. «The surge in Q1 deal flow, boasting an 18% volume and 25% value increase, signifies a bounce-back with M&A at the forefront. Our strategic bets on AI and digital innovations position us to seize emerging prospects, steering us towards a dynamic FY25.»
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The report stated that there were 19 M&A deals in the quarter totaling $215 million and that Q1 2024 saw a significant 46% increase in deal volumes and a whopping 497% rise
