According to the Bharat Dealtracker report by the accounting firm Grant Thornton, despite global uncertainties, India Inc witnessed around 1,149 deals, at a combined valuation of $104.3 billion in the first half of 2022.
Overall deal volumes have undergone a 34% increase, with deal values doubling with a 143% growth compared to the same period last year, the report said.
India witnessed $6 billion from 17 IPOs — the highest value raised in the first six months. Additionally, mergers and acquisitions showed strong growth in the first half of this year with 284 deals, and a 27% increase over the same period last year.
Investments from private equity and venture capital firms saw record volumes and values with 865 deals at $25.1 billion, in the same period.
The deal activity was led by startups, IT, and e-commerce companies, followed by the retail, pharma, and education sectors. At $5.1 billion across 550 deals, the startup industry witnessed the most investment and saw a 69% growth in deal values.
The banking and financial sector, in terms of overall deal value, had the highest contribution at 53%, followed by IT and manufacturing sectors.
Analysts said that the overall deal sentiment for 2022 is expected to be robust, driven by factors such as the government’s infrastructure spending, supply-side responses, and other key fiscal measures.
Last updated: December 26th, 2025
