A total of 97 Private Equity/Venture Financing deals (pending and completed) were announced in the Technology, Media and Telecom of India, driven by Cloud, in the last twelve months resulting in a total deal value of over $1,233.3 million. In the LTM period, February 2022 turned out to be the most prolific in terms of deal size, with a total deal value of $300.8 million, resulting in an average deal value of $21.5 million during that month. On the other hand, the month of February 2022 was the most prolific in terms of deal volume, recording a total of 14 deals, resulting in an average deal value of $21.5 million during that month.
Of the 97 deals, the deal secured between Jio Platforms Ltd and Glance Digital Experience Pvt Ltd, was the largest Private Equity/Venture Financing deal in the India Technology, Media and Telecom sector driven by Cloud, which was valued at $200.0 million and was completed on February 14, 2022. The second-largest deal was between Alkeon Capital; Balderton Capital (UK) LLP; Lightspeed Management Company, L.L.C and Hubilo Softech Pvt Ltd, while the third-largest deal was between SoftBank Vision Fund II and Quicko TechnoSoft Labs Private Limited. The Alkeon Capital; Balderton Capital (UK) LLP; Lightspeed Management Company, L.L.C-Hubilo Softech Pvt Ltd deal and the SoftBank Vision Fund II-Quicko TechnoSoft Labs Private Limited deal were valued at $125.0 million and $90.0 million, respectively. The fourth-largest deal was between Alua Capital Management LP; Kora Management LP; Stripes Group LLC; Think Investments LP-Defmacro Software Pvt Ltd valued at $75.0 million, whereas the deal between Amrish Rau; Deb Deep Sengupta; Falcon Edge Capital, LP; GIC Pte Ltd; Kunal Shah; Qualcomm Ventures; Raju Reddy; Tiger Global Management LLC-MARA Labs Inc valued at $50.0 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $540.0 million and accounted for nearly 43.78% of the total deals (by value) announced during the last twelve months.
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