Is India Achieving New Heights with $44.3 Billion in Q3 Deal Activity?
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Synopsis
India's deal market has reached an impressive milestone, with Q3 2025 showcasing a record $44.3 billion in deal activity. Discover how this growth reflects renewed investor confidence and a booming economy in this in-depth report.
Key Takeaways
- 999 deals worth $44.3 billion in Q3 2025.
- 64 percent surge in deal value compared to Q2 2025.
- M&A transactions reached 518 deals valued at $28.4 billion.
- PE activity included 481 deals worth $15.9 billion.
- 159 new IPOs in Q3 2025, the highest this year.
New Delhi, Nov 3 (NationPress) The deal landscape in India has demonstrated remarkable growth between July and September 2025, with a total of 999 transactions amounting to $44.3 billion, as highlighted in a recent report released on Monday.
This signifies a 13 percent increase in the number of transactions and a significant 64 percent surge in total value compared to the preceding quarter, according to PwC India’s latest ‘Deals at a Glance’ report.
In the prior quarter of April to June 2025, there were 887 deals valued at $27 billion. The recent figures indicate that Q3 2025 was the most robust quarter in the past six, reflecting a revival of investor confidence in the Indian economy.
Mergers and acquisitions (M&A) dominated the activity with 518 transactions worth $28.4 billion.
This represents an 80 percent increase in value and a 26 percent rise in volume from the previous quarter.
Year-on-year (YoY), M&A transaction volumes rose by 64 percent, while their total value saw a 32 percent increase, bolstered by domestic consolidation and heightened cross-border interest.
Private equity (PE) activity remained strong with 481 deals valued at $15.9 billion. This reflects a 41 percent increase in disclosed value and a marginal 1 percent uptick in volume compared to the previous quarter.
PE investments more than doubled in value compared to the same timeframe last year, showcasing a 121 percent surge, alongside a 36 percent increase in the number of transactions.
This underscores investors’ sustained interest in high-growth and scalable business models.
According to PwC India’s Partner and Leader for Deals, Mohit Chopra, the July to September quarter experienced a vigorous resurgence in deal activity and valuations.
“This growth was propelled by renewed confidence in India’s domestic consolidation, expanding corporate balance sheets, and a stable macroeconomic environment,” he noted.
Chopra further remarked that as sectors evolve and capital availability improves, both strategic and financial investors are pursuing long-term value creation opportunities.
The report also highlighted a strong performance in India’s IPO market, with 159 new listings in Q3 2025, comprising 50 mainboard IPOs and 109 SME IPOs.
This is a substantial increase from the 62 IPOs in Q2 2025 and 65 in Q1 2025—a 156 percent sequential increase and the highest quarterly total this year.
Point of View
I believe that the current surge in deal activity in India signifies a profound shift in investor sentiment and economic resilience. The robust numbers, particularly in M&A and private equity, emphasize the growing attractiveness of India's market. It is crucial for stakeholders to leverage this momentum to foster innovation and sustainable growth.
NationPress
04/11/2025
Frequently Asked Questions
What was the total deal value in Q3 2025?
The total deal value in Q3 2025 was $44.3 billion.
How many deals were recorded in Q3 2025?
A total of 999 deals were recorded in Q3 2025.
What led the deal activities in Q3 2025?
Mergers and acquisitions (M&A) led the deal activities with 518 transactions worth $28.4 billion.
How did private equity perform in Q3 2025?
Private equity activity included 481 deals valued at $15.9 billion, reflecting a 41 percent increase in disclosed value.
What was the IPO market performance in Q3 2025?
India's IPO market saw 159 new listings, marking a significant increase from prior quarters.
