India clocks 61 deals worth $7.8 bn in Q3
$3-bn quarterly transactions fuelled financial services’ deal pipeline: Grant Thornton Bharat
image for illustrative purpose
New Delhi: India’s financial services sector saw 61 deals totalling $7.8 billion in Q3 2025, up 39 per cent in value in quarterly terms fuelled by $3 billion transactions, indicating sustained institutional confidence and strong public market activity, a report said on Monday.
The fintech sector stood out in terms of deal activity, attracting private equity interest in AI, digital payments, and automation, highlighting the sector’s resilience amid global uncertainty, the report from Grant Thornton Bharat said.
The total deal value in Q3 2025 also marked the highest quarterly value since Q1 2024, the report said. “Q3 reflects the current dichotomy in India and global markets. While overall deal volumes softened, long-term strategic investments, an uptick in QIP and IPO activity and fintech innovation highlight sustained investor confidence,” said Vishal Agarwal, Partner, Private Equity Group and Deals Tax Advisory Leader, Grant Thornton Bharat.
Domestic reforms, such as GST rationalisation, could boost consumption, and rethinking acquisition financing by banks and supportive measures for fintech will be key to driving the sector’s growth trajectory, Agarwal said. Further, Q3 2025 recorded 17 M&A deals worth $1.5 billion, marking a slight 6 per cent increase in deal volumes, the report noted.
M&A deal values, however, reflected a more measured environment, characterised by smaller average deal sizes.
