In the Indian retail, wholesale & foodservice industry, there were 9 M&A deals announced in Q1 2023, worth a total value of $17.1m, according to GlobalData’s Deals Database. The $14.6m majority acquisition of chumbak design by goat brands labs was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Foodservices Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.

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In value terms, M&A activity in India decreased by 97% in Q1 2023 compared with the previous quarter’s total of $499.2m and rose by 425% as compared to Q1 2022. Related deal volume decreased by 55% in Q1 2023 versus the previous quarter and was 40% lower than in Q1 2022.

The top-ranked financial advisors supporting these M&A deals in India in Q1 2023 were Bonanza Portfolio; KPMG International Coop; VERTICES PARTNERS with 1, 1, 1 deals respectively.

The top-ranked legal advisorss supporting these M&A deals in India Q1 2023 were Cyril Amarchand Mangaldas; DMD Advocates; Pioneer Legal with 1, 1, 1 deals respectively.

For further understanding of GlobalData's Foodservices Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.