Record levels of cash and asset availability fueled an explosion with deal volume up 36 percent and deal value up 139 percent by 2022, according to
“We have seen four consecutive years of growing deal volume and value, with 2022 being another record year. This is in stark contrast to the mood and momentum in the rest of the world,” he said.
Strong M&A activity was seen across all sectors, including financials, utilities, manufacturing and healthcare.
Environment, social and governance (ESG) is a new theme and India is emerging as a renewable energy hotspot, Singh added.
Consumer technology has seen the highest consolidation of start-ups, followed by edtech and fintech.
“M&A activity is strong across the board, from conglomerates acquiring new engines of value creation to insurgents acquiring new segments and acquiring new capabilities,” said
In addition, India is becoming an important alternative for global companies eager to diversify their supply chains.
“Nearly 65 percent of executives we surveyed said they expect M&A activity to remain strong in 2023, significantly higher than the global average of 37 percent,” said Chandrashekhar.
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