This Financial Services Dealtracker Q2 2025 edition provides insights into deal volumes, investment trends, and sectoral movements that shaped the quarter’s performance.
Monthly Dealtracker: July 2025
India’s transaction environment demonstrated notable momentum in July, marked by a sharp rise in strategic activity across mergers, acquisitions, private equity, and capital markets. Sectoral confidence strengthened, with retail and consumer, IT & ITeS, and healthcare leading in both volume and value contributions. The July 2025 edition of our Dealtracker presents a comprehensive overview of monthly developments, highlighting significant movements in deal volumes, investment patterns, and sectoral shifts. It reflects a month shaped by high-value transactions, consistent private equity engagement, and increased traction in public fundraising routes.
Sector trends
Retail and consumer sector continues to top volumes, while pharma, healthcare, and biotech witnessed a sharp increase in values.
Key insights from the Monthly Dealtracker: July 2025
July witnessed a notable uptick in deal activity, driven by high-value transactions in both domestic and outbound segment. The rise in billion-dollar M&A activity, coupled with buoyant capital markets and strategic secondary exits, indicates that this momentum is likely to carry forward into the second half of the year.
Shanthi Vijetha
Partner, Due Diligence, Grant Thornton Bharat
July 2025 saw 117 PE transactions amounting to over USD 2 billion, indicating an uptick in deal volume but a decline in value compared to June 2025, which saw 110 deals worth USD 2.6 billion. Overall, July continued the year’s narrative of consistent but cautious capital deployment, with investors favouring fundamentally strong sectors and asset-light business models. The shift in investment mix to traditional PE favourites like retail and consumer and IT & ITeS suggests that investors are beginning to get comfortable with growth and markets.
Vishal Agarwal
Partner and Private Equity Group & Deals Tax Advisory Leader, Grant Thornton Bharat
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