1. Deals Analysis
November 22, 2019

India’s retail industry sees a rise of 30.4% in deal activity in Q3 2019

India’s retail industry saw a rise of 30.4% in overall deal activity during Q3 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 30 deals worth $746.38m were announced in Q3 2019, compared to the last four-quarter average of 23 deals.

Venture financing was the leading category in the quarter with 20 deals which accounted for 66.7% of all deals.

In second place was private equity with seven deals, followed by M&A with three transactions, respectively accounting for 23.3% and 10% 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 $557.01m, while venture financing and private equity deals totalled $155.44m and $33.93m, respectively.

India retail industry deals in Q3 2019: Top deals

The top five retail deals accounted for 57.5% of the overall value during Q3 2019.

The combined value of the top five retail deals stood at $429.24m, against the overall value of $746.38m recorded for the month.

The top five retail industry deals of Q3 2019 tracked by GlobalData were:

1) Facebook, Naspers Ventures, RPS Ventures, SAIF Partners India, Sequoia Capital India, Shunwei Capital Partners and Venture Highway’s $125m venture financing of Fashnear Technologies

2) The $100m venture financing of Cars24 Service by DST Global, Euler Capital, Exor Seeds, Freemark Partners Management, KCK, Kingsway FCI Fund, Moore Strategic Ventures, MS Dhoni, Partners Fund, Scott Kapnick, Sequoia Capital India and Unbound

3) Blackstone Capital Partners’ $79.24m private equity deal with Future Lifestyle Fashions

4) The $70m venture financing of Grofers India by KTB Ventures, Sequoia Capital India, SoftBank Vision Fund and Tiger Global Management

5) Kedaara Capital Advisors’ private equity deal with Lenskart Solutions for $55m.

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.