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Monthly Dealtracker: November 2024

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The November edition of Dealtracker presents a comprehensive overview of India's investment ecosystem. Despite global issues, India witnessed a steady inflow of investments, highlighting the resilience and strength of its framework. Key sectors such as renewable energy, agritech, and quick commerce attracted significant investments, driven by both local and global investors. The uptick in high-value transactions indicates a positive sentiment shift as investors strategically deploy capital in resilient growth sectors.

Key insights from the Monthly Dealtracker: November 2024

  • Investors adopt cautious approach to deal-making: November 2024 witnessed 145 deals totaling USD 3.8 billion, reflecting a decline in both volumes and values by 22% and 25%, respectively, over the previous month. This decline was primarily due to subdued domestic M&A activity and the absence of big-ticket transactions exceeding USD 500 million, unlike the previous month, which saw two high deals totaling USD 1.9 billion.
  • High-value deals drive PE growth: PE activity witnessed the lowest monthly volumes for the year with a continued downward trend since August 2024. However, a 30% increase in values was witnessed due to five high-value deals (> USD 100mn) totaling USD 1.3 billion this month over four deals valuing USD 536 million in the previous month.
  • Consumer-focused sectors lead the way: Retail and consumer sectors led the deal activity for the month and accounted for 22% of the values, attributed to three high-value deals (>USD 100mn) across FMCG and e-commerce segments totaling USD 670 million. It was followed by infra, banking and agri sectors, together driven by a four high-value deal (> USD 100mn) totaling USD 851 million.