New Delhi, Dec 10 || There is a recent uptick in deal activity in the Indian market which will be better visible in the first quarter of 2025, a report showed on Tuesday.
As the year draws to a close, deal activity is expected to remain subdued to moderate, with several transactions likely to be pushed to Q1 2025, according to Grant Thornton Bharat Dealtracker.
“Quick commerce fund raising activity headlined in November, which otherwise witnessed a subdued activity as deals have been delayed/ postponed to 2025,” said Shanthi Vijetha, Partner, Growth at Grant Thornton Bharat.
“There is a recent uptick in deal activity in the market, but expected to be announced in Q1 2025. Hence, anticipate moderate deal activity in December too, but a good start for the new year 2025 in January,” she added.
According to the report, November saw 163 transactions totalling $10.8 billion. The quick commerce space remained a bright spot, with notable fundraises by Zepto, Swiggy and Zomato.