Deals
War for India Dominance to Spur More Billion-Dollar Tech Deals
- E-commerce, fintech to see strong M&A activity, Raine says
- Firms from Walmart to Alibaba have pursued India investments
A vendor uses a smartphone at a stall selling mobile phone accessories in Mumbai, India.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
India’s technology industry will see more billion-dollar acquisitions as the next big battleground for foreign Internet companies, according to boutique advisory firm Raine Group LLC.
The e-commerce, financial technology and emerging media sectors will see strong deal activity, said Gaurav Mehta, the Mumbai-based country head at Raine, which advised on India’s two biggest tech deals this year. Companies have also started to see the logic of consolidation even in high-growth markets like India, Mehta said in an interview last month.