"The overall deal tally for the January-August period stood at $13.78 billion, a significant 75 per cent increase in value terms over the same period last year. These deals highlight the increasing cash burn and need for investment in the e-commerce segment and also increasing pressure on large debt laden corporates to dilute their stakes to reduce indebtedness.”

Prashant Mehra
Partner, Grant Thornton India LLP

This article appeared in Financial Express on 21st September, 2017.