Monthly Dealtracker
May 2025

The Banking and financial services sector remained the most dominant in terms of deal values over the last three months. The sector accounted for 42% of the overall values for the month, despite a dip in volumes from 29 deals in the previous month to just 13 deals this month. Notably, the NBFC sub-segment played a pivotal role, contributed to two large ticket deals for the month, accounting for 98% of the sector’s value and 46% of deal volume.

Retail and consumer sector continued to lead in deal volume despite a 23% month-over-month drop. Meanwhile, deal values saw a 36% uptick driven by secondary deals in PE space worth USD 191 million. The textiles, apparels & accessories segment led the pack with 35% of deal volume and 44% of the sector’s value.

The Pharma, healthcare and biotech sector was the second-highest contributor to deal value at USD 364 million, propelled by PB Healthcare Services raising USD 218 million from a consortium of investors for developing hospital network in the NCR region. Hospitals, Healthtech and pharma & biotech segments each held a 20% share in volume, while hospitals dominated in value with a 64% share.

Transport and logistics sector witnessed significant surge both in terms of volumes and values by 120% and 69%, respectively over the previous month driven by increased investor interest in food logistics and logistics segments. The sector recorded the highest monthly deal volumes since September 2021 recording 11 deals worth USD 314 million.