Acquisitions & Mergers

"Transaction value decreased by 9% and consumer retail deals fell by a third in 2023, according to Grant Thornton Bharat

By - 18 Jan 2024 04:29 PM

According to a Grant Thornton Bharat report, deal activity in the retail, e-commerce, and consumer sectors decreased by a third in volume in 2023 as investors grew wary due to high inflation, several companies implementing wage freezes, and workforce reductions.

The number of consumer sector mergers and acquisitions and private equity funding deals fell to 331 in the most recent calendar year from 514 the year before. The value of these deals decreased by 9% to $8.6 billion from $9.3 billion, with the ecommerce sector leading the majority of this decline.The value of e-commerce transactions almost halved to 3.3 billion, but the quantity fell 70% to 124 deals. However, deal activity in the apparel and retail sectors increased seven times, with Reliance Retail leading the way with nearly $1.6 billion raised from Qatar Investment.