In the past couple of years, we have seen many Indian deeptech startups getting acquired by larger global companies. For instance, in the last two years, KPIT Technologies acquired Bengaluru-based PathPartner Technology, Accenture bought BRIDGEi2i, which is an AI and analytics firm based in Bengaluru, General Atlantic got a 17% stake in AI startup Artivatic.ai, Eagle Eye Networks, which is a US-based cloud video surveillance firm acquired AI startup Uncanny Vision and Arizona-based Nextiva acquired Simplify360. These are just a few of the acquisitions that have happened in the recent past.
Mergers and acquisitions (M&As) have become a common affair today across sectors. Larger counterparts are making smart acquisition moves on their smaller peers from a product expansion, talent acquisition or even a new market entry point of view. However, global companies seem to be particularly interested in India's deeptech startups.
DEEPTECH'S INTERNATIONAL APPEAL
"The availability of capital, and a move toward innovation-driven strategies adopted by the startups is a key reason," said Ankur Bansal, co-founder and director, BlackSoil.
The key areas where Indian deep tech startups are venturing are AI/ML, language processing, biotech, robotics, blockchain and quantum computing. "We can see the list of areas expanding based on global demand. The Indian VC ecosystem is also playing an important role in encouraging such deep tech startups but they struggle to get an exit purely in the Indian context," said Amarjeet Singh Makhija, partner and leader - Startups, PwC India.
هذه القصة مأخوذة من طبعة October 2023 من Entrepreneur magazine.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 2023 من Entrepreneur magazine.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
ROAD TO REGULATIONS
While ensuring safe and legal usage of Al, Indian parliamentarians call for a breathing space for startups to grow in
What It Takes To Run A Family Business
Assimilation involves role clarity, accountability trackers, quarterly dialogues, industry leader mentorship and external work experience
I Know Why Your Customer Service SUCKS
That's because I left my high-paying executive job, worked five low-wage frontline jobs, and experienced the problem firsthand. Here's what I learned about fixing it.
The Hire That Changed Everything
What roles do you need to fill at your company? It's sometimes hard to know. Here, six leaders share the hire they didn't realize they needed (and are so glad they made).
An Empowering Coin
The rise in female retail cryptocurrency investors and why the ecosystem needs more of them
Plans To Expand Presence Its India
To cater to its new segment, MediaTek is increasing its engineering presence and R&D development in India, says Anku Jain, MD, MediaTek India.
India Needs Homegrown Product Companies In Semiconductor
CADENCE DESIGN'S INDIA MD
GROWING WATER SCARCITY IN INDIA REPRESENTS AN OPPORTUNITY FOR NEW AGE START-UPS
The way in which India manages its scarce water resources accounts for much of its water woes.
Google's Shocking Surge in Carbon Emissions Sparks Industry-wide Sustainability Reassessment
According to International Energy Agency, (IEA), Global energy-related CO2 emissions grew by 0.9 per cent or 321 Mt in 2022, reaching a new high of over 36.8 Gt.
EV Industry Lauds UP Govt's Decision On Strong hybrid Vehicles
This comes after the Uttar Pradesh government had announced a threeyear exemption from tax and registration fees for the purchase of EVs which will be valid for five years for EVS manufactured within the state, last year.
