M&A LANDSCAPE
The annual deal tracker report from Grant Thornton Bharat claimed that 2022 set a new record for M&A activity, with a 200% rise in deal values over 2021. With 44% of all deal volumes, the startup and IT sectors dominated the market, while the banking and manufacturing sectors lead in terms of value. The merger of Larsen & Toubro Infotech and Mindtree, both subsidiaries of Larsen & Toubro, which was completed in November 2022 and generated combined revenues of nearly USD 1.05 billion in the third quarter of the fiscal year 2022–2023, was the focus of consolidative M&A in the technology sector in 2022.
In the startup market, consolidative strategies have also grown quite popular, and the majority of well-funded, rapidly growing startups are growing through a succession of startup acquisitions. For instance, Byju’s invested over USD 2.6 billion between the fiscal years 2021-2022 and 2022-2023 to buy a number of Indian and overseas companies in the edtech sector. These include the USD 1 billion acquisition of Indian test preparation provider Aakash Educational Services in August 2022. In addition, Byju’s announced the merger of four of its acquired companies that cater to the K10 customer segment.
Zomato, a food delivery platform, purchased Blinkit (formerly Grofers) for about USD 570 million in order to enter the fast grocery delivery space and compete with Swiggy’s Instamart. To bolster its expansion plans even more, Zomato has also acquired the Blinkit subsidiary that provided warehousing and associated services.
Esta historia es de la edición June - July 2023 de Entrepreneur magazine.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición June - July 2023 de Entrepreneur magazine.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Chords of Success
For Saahil Goel, the deep-rooted passion for playing the guitar dates back to his high school days. Influenced by legends like Pink Floyd, Led Zeppelin, and the Pakistani band Strings, his musical journey mirrors his leadership style-balancing focus, discipline, and a collaborative spirit. Goel feels that playing guitar has enhanced his ability to balance focus and teamwork as a founder of an eCommerce shipping start-up.
IS YOUR RENT TOO DAMN HIGH?
Many small business owners struggle with their rents. Here's what to do.
HOW TO BOUNCE BACK FROM A BAD REVIEW
A one-star review can hurt your ego - and your business. But it's possible to prevent (and remedy!) this scary scenario.
HOW TO HIRE FOR THE FUTURE
Small businesses are struggling to find quality labor. So flip the conversation: Show workers how your business will set them up for opportunity.
You Can Hire Like Netflix
The streaming platform built an incredible team with a strategy called “talent density.” But you don’t need to be a tech giant to do it.
Speedy Growth Killed My Startup
We seemed to be rocking it - lots of press, major partnerships. Then we learned the harsh consequences of overlooking our customers.
Three Pivots to $100 Million
How do you find a working business model? Do it like Rowan-a brand that reinvented itself many times before finally piercing the ear-piercing market.
What Goals Actually Matter?
Some benchmarks are more important than others so what should you really care about? We asked six founders for their hardest-won lessons.
'Only the Strongest Are Going to Survive'
Brian Lee cofounded companies like LegalZoom and ShoeDazzle-and he believes a lot of conventional business wisdom is backward. Sure, it's harder to raise capital. But it's actually cheaper than ever to start a company.
HOW TRUST SAVED KFC
The former CEO of Yum! Brands explains how he turned around a struggling KFC-and the important lesson it offers for anyone in franchising.
