1. Deals Analysis
September 30, 2020

India’s technology industry sees a rise of 16.1% in deal activity in August 2020

By Carmen

India’s technology industry saw a rise of 16.1% in overall deal activity during August 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 65 deals worth $596.28m were announced in August 2020, compared to the 12-month average of 56 deals.

Venture financing was the leading category in the month in terms of volume with 47 deals which accounted for 72.3% of all deals.

In second place was M&A with 17 deals, followed by private equity with one transactions, respectively accounting for 26.2% and 1.5% of overall deal activity in the country’s technology industry during the month.

In terms of value of deals, M&A was the leading deal category in India’s technology industry with total deals worth $466.65m, while private equity and venture financing deals totalled $124.63m and $5m, respectively.

India technology industry deals in August 2020: Top deals

The top five technology industry deals accounted for 86.8% of the overall value during August 2020.

The combined value of the top five technology deals stood at $517.4m, against the overall value of $596.28m recorded for the month.

The top five technology industry deals of August 2020 tracked by GlobalData were:

1) Think and Learn’s $300m acquisition of WhiteHat Education Technology

2) The $161m acquisition of GPX India by Equinix

3) AIA Group, G Capital Limited (formerly knownInjazat Capital Limited), Matrix Partners, RTP Global, Sequoia Capital Operations, Sofina and Tencent Holdings’ $32m venture financing of Practo Technologies

4) The $13m venture financing of RoboticWares by Fundamentum and KB Global Platform Fund

5) KTB Network’s venture financing of Trell Experiences for $11.4m.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

 

Verdict deals analysis methodology

This analysis considers only announced and completed artificial intelligence deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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