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.
Denne historien er fra June - July 2023-utgaven av Entrepreneur magazine.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra June - July 2023-utgaven av Entrepreneur magazine.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
How To Ask Family For Money
Your friends-and-family fundraising round doesn't have to be scary and awkward. Here's advice from one of the world's leading investors.
Data Breach Drama: When Trust Turns Costly In A Digital Age
Amid data breaches surges, Indian businesses are prone to financial and reputational fallout. Can cyber insurance emerge as a safeguard?
THE TERRAIN TAMER
Spearheading a California-based, Series D SaaS company is no easy feat. It requires a blend of ownership, innovation, and the ability to handle stress. But Anand Jain, co-founder and chief product officer of Clever Tap, finds his calm by escaping to rough terrain whenever he gets the chance-be it India or Colombia.
THE INTELLIGENT READS
Hardika Shah founded Kinara Capital in 2011 with the mission to address the acute credit gap in the micro-small-medium-enterprises (MSME) sector in India, by providing fast and flexible business capital to small business entrepreneurs. Despite operating in highly competitive and tough market of collateral free loans, Kinara Capital has been steadily growing in Hardika's leadership. In conversation with Entrepreneur, Hardika shares insights on her favourite books.
THE CURSE OF GROWING TOO FAST
FAIRE is a platform for small businesses, but it grew big the wrong way-almost becoming a $12 billion wreck. Here's how it fixed the problem, and why you should think twice before skyrocketing.
There's No Perfect Answer
I worked the same job for 19 years. I hated it, but it paid the bills. Then, in 2017, I entertained an exciting but terrifying question: Could I be an entrepreneur? I wasn't sure, so I needed something that felt like a guarantee. I searched for signs that would feel like a big, clear \"yes!\"
Give Yourself the Gift of Time
Happy holidays! Emmy Award-winning tech expert Mario Armstrong has five recs to get more hours in the day.
How to Become a Main Street Millionaire
It started when I bought one little laundromat. Now I have a whole portfolio of small local businesses that bring in tens of millions in revenue a year. Here's why following my playbook could be your ticket to financial freedom-and saving America's local small businesses.
Want to Better Serve Your Clients? Become Them.
As a designer for brands, starting my own product company gave me a dose of humility-and it changed the way I relate to clients.
How to Succeed With Gen Z Workers
People often say that younger employees are different. But are they? We asked six business leaders what they've learned, and how their teams thrive.
