Deal sizes in SME space are at least 25-30% down compared to pre-Coved times and this is a good time to pick up businesses to expand offerings and add capabilities that would otherwise take years to build, said
Vishal Devanath, Founder of SMERGERS, an investment banking platform for SMEs. In a chat with ET’s
Faizan Haidar, Devanath talks about the impact of Covid on SMEs, factors driving the SME deal market and what the government should do to incentivise small businesses. Edited excerpts:
ET: Will the Covid-19 kickstart a cycle of consolidation in the SME sector? Vishal Devanath (VD): …
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