A total of 33 Private Equity/Venture Financing deals (pending and completed) were announced in the Travel and Tourism of India, in the last twelve months resulting in a total deal value of over $1,695.8 million. In the LTM period, July 2021 turned out to be the most prolific in terms of deal size, with a total deal value of $526.9 million, resulting in an average deal value of $131.7 million during that month. On the other hand, the month of December 2021 was the most prolific in terms of deal volume, recording a total of 6 deals, resulting in an average deal value of $81.3 million during that month.
Of the 33 deals, the deal secured between Plum Wood Investment Ltd; Temasek Holdings (Private) Ltd and ANI Technologies Pvt Ltd, was the largest Private Equity/Venture Financing deal in the India Travel and Tourism sector, which was valued at $500.0 million and was completed on July 9, 2021. The second-largest deal was between Bundl Technologies Private Ltd and Roppen Transportation Services Pvt Ltd, while the third-largest deal was between Nexus Ventures; Shell Ventures LLC; TVS Motor Co Ltd; WestBridge Capital Management, LLC and Roppen Transportation Services Pvt Ltd. The Bundl Technologies Private Ltd-Roppen Transportation Services Pvt Ltd deal and the Nexus Ventures; Shell Ventures LLC; TVS Motor Co Ltd; WestBridge Capital Management, LLC-Roppen Transportation Services Pvt Ltd deal were valued at $200.0 million and $180.0 million, respectively. The fourth-largest deal was between Accel; Apurva Doshi; Mukesh Bansal; Paras Sanghvi; South Park Commons; Temasek Investments, Inc.; Zomato Ltd-Diverse Retails Pvt Ltd valued at $145.0 million, whereas the deal between Edelweiss Crossover Opportunity Fund; Hero Enterprise; IIFL Monopolistic Market Intermediaries Fund; IIFL Special Opportunity Fund; Siddhant Partners; Tejal Merchantile Private Limited-ANI Technologies Pvt Ltd valued at $139.0 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $1,164.0 million and accounted for nearly 68.64% of the total deals (by value) announced during the last twelve months.
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