1. Internet business: Deal volume in Feb fell 43%, says Grant Thornton

Internet business: Deal volume in Feb fell 43%, says Grant Thornton

Moreover, the overall merger and acquisition (M&A) market witnessed a 26% decline in deal value and 11% drop in the number of deals signed.

By: | New Delhi | Published: March 11, 2017 4:21 AM
internet india, broadband india, airtel internet, hathway internet, airtel broadband, airtel data, telecom internet, internet service provider, isp, internet service providers in india, internet speeds india, fastest internet speed india, fastest speed internet, fastest broadband india, cheap broadband india, cheap internet india, internet delhi, internet mumbai, broadband delhi, broadband mumbai, broadband bengaluru, internet south india, internet bengaluru, internet new, broadband news, airtel, hathway, tata docomo, hayai, YOU broadband, fibernet, internet fiber As per the report, the considerable drop in the deal activity was due to absence of big ticket deals compared to February 2016. (Picture: Reuters)

At a time when the Internet business in India, is going through a cash-crunch, with investors’ tightening their purse string, deal volume in February 2017 witnessed a sharp 43% year-on-year decline, while value of deal dropped by 37%, as per market research firm Grant Thornton’s monthly dealtracker.

As per the report, the considerable drop in the deal activity was due to absence of big ticket deals compared to February 2016.

Moreover, the overall merger and acquisition (M&A) market witnessed a 26% decline in deal value and 11% drop in the number of deals signed. This was primarily due to a nearly two-fold drop in the domestic deal activity. Interestingly the month witnessed 33 fold increase in inbound activity compared to same period last year, thereby pushing overall cross-border activity.

As compared to January 2017, the overall deal activity witnessed a drastic fall month-on-month with volumes declining by 39%, while value of deals shrunk by 36% due to fewer big-ticket transactions.

In terms of sector trends, the key contributor in M&A continued to be the start-up/e-commerce category by contributing 80% of the values.

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