India’s retail deals surge to $3.4 billion in Q3 2025
Deal activity in India’s consumer and retail sector jumped sharply in the third quarter of 2025, with 132 transactions totaling $3.4 billion. The figures represent a 6 percent rise in volume and a 9 percent increase in value from the same period last year, according to Grant Thornton Bharat. Excluding public market deals, merger and private equity transactions reached 121 deals worth $2.3 billion, marking a 168 percent surge from the previous quarter.
Five deals exceeded $100 million while 26 topped $10 million, accounting for $2 billion of the total value. Textiles, apparel, accessories, food processing, and e-commerce attracted the most investor interest. Average deal size climbed to $18.8 million from $7.2 million in the second quarter. Public market activity raised over $1.1 billion through six initial public offerings and five qualified institutional placements, up 5.5 times from the prior quarter.
