India’s technology industry saw a rise of 7.3% in overall deal activity during January 2020, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 59 deals worth $644.3m were announced in January 2020, compared to the 12-month average of 55 deals.
Venture financing was the leading category in the month in terms of volume with 41 deals which accounted for 69.5% of all deals.
In second place was M&A with 17 deals, followed by private equity with one transactions, respectively accounting for 28.8% and 1.7% 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 $288.18m, while private equity and venture financing deals totalled $200m and $156.12m, respectively.
India technology industry deals in January 2020: Top deals
The top five technology industry deals accounted for 75.8% of the overall value during January 2020.
The combined value of the top five technology deals stood at $488.23m, against the overall value of $644.3m recorded for the month.
The top five technology industry deals of January 2020 tracked by GlobalData were:
1) Tiger Global Management’s $200m private equity deal with Think and Learn
2) The $185m acquisition of Paysense Services India Private Limtied by PayU
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3) Steadview Capital Management and Tiger Global Management’s $39m venture financing of LogiNext Solutions
4) The $34.23m acquisition of Cerium Systems by Tech Mahindra
5) Accel, B Capital Group, IDG Ventures India, International Finance and Schroder Adveq Management’s venture financing of Smartpaddle Technology for $30m.
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.
Visit our ‘Technology Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the technology industry.