Consolidation Wave: M&A Deals In Indian Startup Ecosystem At An All-Time High Of 165 in H1 2022

Consolidation Wave: M&A Deals In Indian Startup Ecosystem At An All-Time High Of 165 in H1 2022

SUMMARY

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.

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