The year 2016 has kicked off on a positive note with over 400 deals valued around US$11.9bn in the first quarter compared to US$9.4bn across 352 deals in the corresponding quarter 2015.
While key drivers for the deal activity continued to be domestic transactions and cross-border transactions maintaining last years' pace with deals valued over US$5.9bn outbound deal values grew more than four times compared to the previous year owing to four big ticket transactions demonstrating revived business sentiments.
Around 50% of the total markets’ deals revolve around Ecommerce and the IT sector accounting for 15% of the total deal value.
