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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.
Retail and consumer sector continues to top volumes, while pharma, healthcare, and biotech witnessed a sharp increase in values.
M&A activity witnessed a sharp surge, with 83 deals valued at USD 7 billion—marking a 41% rise in volumes and a 340% jump in values compared to June. This significant uptick was primarily driven by high-value domestic and outbound transactions, including three billion-dollar deals that collectively contributed USD 4.2 billion—nearly 60% of total M&A values.
PE activity remained steady, recording 117 deals valuing USD 2 bn. Secondary deals surged this month with 10 deals worth USD 961 mn, which made up 48% of the overall PE values highlighting an increased liquidity and exit opportunities in PE space.
Public markets (IPO & QIP) continued the momentum with values reaching the highest monthly values for the year. The month saw 10 IPOs collectively raising USD 2.6 billion and 17 Qualified Institutional Placements (QIPs) mobilising USD 4.8 billion.
The retail and consumer sector remained the most active, leading in deal volume with a 22% share—highlighting its continued resilience and strong investor appeal. On the value front, the sector recorded a significant 5.4x surge, fuelled by four high-value deals (each over USD 100 million), totalling USD 1.1 billion, making it the fourth-largest contributor to overall deal values.
