According to Grant Thornton India, the second quarter (Q2) of calendar year 2024 (April-June) saw a 9 per cent growth in deal volume, from 69 to 75.
Raja Lahiri, partner and technology industry leader, Grant Thornton India, said, “The Indian technology industry is showing promising signs of revival and stabilization. Generative AI is creating new opportunities for growth and innovation, as well as CIO customer experience and operational efficiency. We are focusing on increasing it." ,
In Q2, PE (private equity) volumes surged since Q3 2023, reaching the highest level in two years.
According to the report, technology startups dominated the PE activity with 60 per cent volume and 57 per cent value, while the enterprise software/SaaS segment accounted for 30 per cent volume. B2B (business-to-business) startup-led PE deal activity accounted for 74 per cent of volume and 51 per cent of value in the second quarter.
Avail Technologies, a B2B startup, secured $70 million funding in two rounds to accelerate product development and expand globally. Logistics services platform Perfios and Ola's Crutrim AI achieve unicorn status in 2024. The enterprise software/SaaS segment recorded 20 transactions worth $79 million.
Raja Lahiri, partner and technology industry leader, Grant Thornton India, said, “The Indian technology industry is showing promising signs of revival and stabilization. Generative AI is creating new opportunities for growth and innovation, as well as CIO customer experience and operational efficiency. We are focusing on increasing it." ,
In Q2, PE (private equity) volumes surged since Q3 2023, reaching the highest level in two years.
According to the report, technology startups dominated the PE activity with 60 per cent volume and 57 per cent value, while the enterprise software/SaaS segment accounted for 30 per cent volume. B2B (business-to-business) startup-led PE deal activity accounted for 74 per cent of volume and 51 per cent of value in the second quarter.
Avail Technologies, a B2B startup, secured $70 million funding in two rounds to accelerate product development and expand globally. Logistics services platform Perfios and Ola's Crutrim AI achieve unicorn status in 2024. The enterprise software/SaaS segment recorded 20 transactions worth $79 million.
