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India Inc sees 67 deals valued at $648 million in Q1 of 2024: report

Economic TimesEconomic Times Ā· 10m
India Inc sees 67 deals valued at $648 million in Q1 of 2024: report

India Inc experienced a surge in deal activity during the first quarter of 2024, with 67 deals valued at $648 million. The technology sector performed particularly well, with a 25% increase in deal values compared to the previous quarter. Despite funding slowdown and economic uncertainty, India's tech startup ecosystem secured the fourth-highest funding globally. The report also highlighted the emergence of two unicorns and increased M&A and PE activity. The average deal size increased significantly, and domestic consolidations and outbound transactions played a significant role in driving the deal values. Private equity investments dominated the technology sector, and there were also two IPOs and three QIPs during the quarter.

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