1. Deals Analysis
July 18, 2019

India’s retail industry sees a rise of 18.2% in deal activity in Q2 2019

India’s retail industry saw a rise of 18.2% in overall deal activity during Q2 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 26 deals worth $540.4m were announced in Q2 2019, compared to the last four-quarter average of 22 deals.

Venture financing was the leading category in the quarter with 17 deals which accounted for 65.4% of all deals.

In second place was M&A with seven deals, followed by private equity with two transactions, respectively accounting for 26.9% and 7.7% of overall deal activity in the country’s retail industry during the quarter.

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In terms of value of deals, M&A was the leading deal category in India’s retail industry with total deals worth $423.58m, while private equity and venture financing deals totalled $88.56m and $28.27m, respectively.

India retail industry deals in Q2 2019: Top deals

The top five retail deals accounted for 79.9% of the overall value during Q2 2019.

The combined value of the top five retail industry deals stood at $431.69m, against the overall value of $540.4m recorded for the quarter. The top announced India retail industry deal tracked by GlobalData in Q2 2019 was KTB Ventures, Sequoia Capital India, SoftBank Vision Fund and Tiger Global Management’s $200m venture financing of Grofers India.

In second place was the $89m venture financing of 63 Ideas Infolabs by Tiger Global Management and in third place was Corisol, HBM Healthcare Investments, International Finance, Kae Capital ManagementLtd., Maverick Ventures, Omidyar Network and Sequoia Capital’s $70m venture financing of 1MG Technologies.

The $42.69m acquisition of Natures Basket by Spencer’s Retail and Quikr India’s acquisition of Zero Effort Technologies for $30m held fourth and fifth positions, respectively.

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.