India's PE and M&A deal values in May 2019 dropped by 83% from last year
- In May 2019, India saw M&A transactions worth $3.4 billion and PE deals worth $1.1 billion take place, according to a report by Grant Thorton.
- When compared to April 2019, the deal volumes have dropped by 29% although deal size grew by 6%.
- Startups led the PE deals with companies like
Grofersand Blackbuckraising big money in May 2019.
In May 2019, there was an 83% drop in deal value for the month as fewer
India witnessed 33 M&A transactions and 48 PE deals worth $3.4 billion and $1.1 billion for the period, according to a report by Grant Thorton.
The number of deals too dropped by 17%, the report said.
When compared to April 2019, the deal volumes have dropped by 29% even as the deal size grew by 6%.
Indian startups led the PE deals with as many as 25 deals closed for the month accounting to $325 million. The e-commerce sector saw just three deals but their combined size worth $229 million.
The biggest investments included $200 million funds raised by Grofers from Japanese investment firm Softbank. Logistics firm Blackbuck too raised as much as $150 million. Interestingly, both the companies are in the running to become the next unicorns of India.
In the first quarter of 2019, India had saw a flurry of activity in the PE and venture capital space. PE-VC firms invested $10 billion in the country via 159 deals, according to data research firm Venture Intelligence.