News articles suggest that google has made a USD 350 million investment in Flipkart for a minority investment. The said transaction values Flipkart at USD 36 billion. Certain databases report a revenue of Flipkart for FY 23 amounting to ~ USD 6.7 billion. Basis FY 23 revenue, the transaction multiple translates to ~5.3x of revenue.

Karnataka based Manipal Health Enterprises Limited acquired majority stake (87%) in Medica Synergie Pvt Ltd, a Kolkata based hospital chain adding ~1000 beds to its already existing 9500 beds. With this increment, news articles suggest that Manipal Health would be the largest hospital chain in the country. The deal value is estimated to be INR 1400 crores; translating to a multiple of ~ INR 1.73 Crore per bed.

Indiabulls Construction Limited has completed acquisition of entire stake in Lower Parel’s Sky Forest housed in Sky Forest Projects Limited from certain entities controlled by funds managed by Blackstone Inc, for an enterprise value of approximately Rs 646.71 crore

Firstsource, an RP- Sanjiv Goenka Group Company and a global provider of Business Process Management (BPM) services has acquired Quintessence Business Solutions & Services Private Limited, an India-based leader in outsourced revenue cycle management (RCM) services and technology company. Based on Firstsource’s announcement, this acquisition strengthens Firstsource’s RCM solutions offerings, providing more comprehensive and AI-enabled RCM solutions for health systems, and growing its offshore capabilities.