In H1 2022, the Indian startup ecosystem saw 165 mergers and acquisitions, 126% higher than seen in the corresponding period a year ago
The ecommerce sector accounted for 38, or 23%, of the 165 M&A deals in H1 2022
Ecommerce roll-up unicorns GlobalBees and Mensa Brands, and cloud kitchen startup Curefoods were the biggest acquirers in India
India’s startup ecosystem is facing a market correction in 2022 after an incredible 2021, which saw it raise almost $42 Bn. As the funding has gone down, the trend of market consolidation has become more and more popular, with 165 M&A deals taking place in the first half of 2022.
Over the last three years, there have been 81 M&A deals on average in either half of the year. This means the deals in H1 2022 exceeded the average by more than twice.