Total technology industry M&A deals worth $244.5m were announced in India in June 2022, with Shiprocket’s $200m acquisition of 80% stake in Pickrr Technologies Pvt. being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 14.5% over the previous month of $285.76m and a drop of 25.7% when compared with the last 12-month average of $328.84m.

India held a 1.61% share of the global technology industry M&A deal value that totalled $15.23bn in June 2022.

In terms of M&A deal activity, the India recorded 22 deals during June 2022, marking a decrease of 12.00% over the previous month and a drop of 21.43% over the 12-month average.

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India technology industry M&A deals in June 2022: Top deals

The top five technology industry M&A deals accounted for 100% of the overall value during June 2022.

The combined value of the top five technology M&A deals stood at $244.46m, against the overall value of $244.5m recorded for the month.

The top five technology industry M&A deals of June 2022 tracked by GlobalData were:

1) Shiprocket $200m acquisition deal for 80% stake in Pickrr Technologies Pvt.

2) The $40.3m acquisition of 9.54% stake in Perfios Software Solutions Pvt. by HDFC Bank,ICICI Bank and State Bank of India

3) Cipla $3.31m acquisition deal for stake in GoApptiv

4) The $0.52m acquisition of 77.77% stake in Vrata Tech Solutions by Sumil Trading

5) TelExcell Information Systems and Vistara NetworkLtd $0.33m acquisition deal for 26% Stake with Vintron Informatics