LOCAL GIANT: Avendus, which focused on the tech sector before the deal momentum picked up, ranks fourth in the advisory league table for announced technology deals in India so far this year.
MUMBAI: Global investment banks are scrambling to get a piece of the action from India's booming technology startups, having missed out on the initial flurry of deal-making to their better-connected but much smaller domestic rivals.
Banks including Goldman Sachs Group Inc, Citigroup and Morgan Stanley are looking to hire more bankers in India and are now regularly attending "bake-offs" to pitch for advisory roles on deals, according to several banking industry sources.
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