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Deal values in India plunge to $66 billion in 2023, reports Grant Thornton
Livemint
·
1y ago
Medial
Deal values in India saw a significant drop in 2023, reaching $66 billion, marking a decrease of over 50 percent. The decline in deal volume was over 20 percent, with 1,641 deals compared to the previous year. Lack of liquidity in international markets, volatile market conditions, and cautious investor sentiment were identified as key hindrances to deal activities. M&A deal values plummeted by 72 percent, while private equity deals also declined by 23 percent. IPO values saw a nearly one-fourth decrease compared to the previous year.
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Related News
India sees 58% surge deal values, fueled by big-ticket transactions: Grant Thornton
IndianStartupNews
·
1y ago
Medial
According to the Grant Thornton Bharat Dealtracker July 2023, India Inc experienced the effects of evolving economic conditions. Recording 95 deals amounting to USD 3.1 billion, July 2023 reflects a calculated strategy in the business world.
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Grant Thornton Bharat hits new revenue milestone but growth slows
VCCircle
·
11m ago
Medial
Grant Thornton Bharat, a business consultancy firm, achieved a new revenue milestone in the fiscal year ending in March 2024. However, the growth rate was the slowest it has been in the past four years. Grant Thornton Bharat is a subsidiary of Grant Thornton International Ltd.
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India sees record deal activity in February at $7.2B
YourStory
·
4m ago
Medial
India experienced a record $7.2 billion in deal activity in February, marked by 226 M&A and private equity transactions, according to Grant Thornton Bharat's Dealtracker report. This represents a significant increase in both volume and value, driven by domestic demand despite global economic challenges. Key sectors included manufacturing, media, entertainment, and sports, while early-stage investments dominated private equity. The potential impact of the Union Budget 2025 may further influence future deal activity.
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Paytm shares plunge 5% on likely block deal
Economic Times
·
1y ago
Medial
Paytm shares dropped over 5% after reports of a block deal, causing the stock to reach a day low of Rs 877.15. The company's strong performance has led to a 104% return over the past year, outperforming the Nifty50. Paytm narrowed its losses in the quarter ending September 2023 and reported a 32% YoY increase in revenue. Revenue from the payments segment saw a 28% YoY increase and the gross merchandise value surged by 41%.
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Gaming industry to grow to Rs 25,300 crore by end of 2024-25: report
Economic Times
·
1y ago
Medial
According to a study by Grant Thornton Bharat and E-Gaming Federation, the gaming industry in India is projected to grow 20% year-on-year to reach Rs 25,300 crore by the end of the financial year. The study also reveals that India now has 442 million online gamers, surpassing China. The industry has attracted $2.8 billion in investments over the past five years. The report highlights the need for a code of conduct in the industry to address cyber threats, regulatory uncertainties, and financial risks, and to promote ethical standards and player protection measures.
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OnePlus India audit flags glitches, PF payment lags
Economic Times
·
1m ago
Medial
An audit of OnePlus Technology India raised concerns about accounting irregularities, including the use of servers outside India for bookkeeping and delays in employees' provident fund payments. The audit, conducted by Shah & Jain Chartered Accountants and Grant Thornton Bharat LLP, noted challenges with foreign language software codes and cited potential actions from Indian authorities. OnePlus is addressing these issues by updating its IT systems and addressing outstanding payments and tax disputes.
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VC funding in Indian startups sinks to at a 6-year low in November
Money Control
·
1y ago
Medial
In November, venture capital funding for Indian startups reached a six-year low, signaling a continued difficult funding environment. Funding declined by 66% to $223 million in 35 deals compared to the previous month. Overall, 2023 has seen a significant drop in funding, with startups receiving only about $7.05 billion compared to $24.36 billion in 2022. Investors have become more cautious and selective in evaluating startups, leading to a decline in the number of deals. However, there is optimism for improved deal flow in 2024 and a resurgence in late-stage funding.
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Zomato shares plunge over 4% on block deal worth Rs 622 crore
Economic Times
·
1y ago
Medial
Zomato shares plunged over 4% following a block deal that saw equity worth Rs 621.68 crore changing hands. The transaction involved 4.50 crore shares at a price of Rs 138.15 per share. While the details of the buyers and sellers are unknown, the deal took place at a 1% discount. Zomato's stock has rallied over 220% since hitting a 52-week low in January 2023, driven by strong quarterly earnings and improved profitability.
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Ethan Thornton of Mach Industries takes the AI stage at Disrupt 2025 | TechCrunch
TechCrunch
·
7d ago
Medial
The article discusses Ethan Thornton, CEO and founder of Mach Industries, who presented at TechCrunch Disrupt 2025 on the role of AI in the defense industry. Founded in 2023, Mach Industries focuses on decentralized, AI-driven defense technologies. Thornton aims to reshape defense with innovative approaches, blending hardware, software, and autonomy. The session highlights the significance of AI-native startups in defense, addressing challenges in funding, regulation, and global security dynamics, as AI becomes a pivotal element in national defense strategies.
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‘Factually incorrect’: Zee Ent denies reports on reviving Sony-Zee merger talks
Livemint
·
1y ago
Medial
Zee Entertainment has denied reports of restarting talks with Sony to revive their $10 billion merger deal. In a regulatory filing, Zee stated that the company is not involved in any negotiations on the merger deal, calling the reports "factually incorrect". The merger deal was terminated by Sony due to unresolved conditions and leadership disputes. Zee has filed a petition with the National Company Law Tribunal seeking implementation of the merger. If the merger was completed, it would have created the largest entertainment network in India.
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