With the year 2019 coming to an end, Inc42 decided to take stock of the M&A landscape of 2019. Until November 30, 2019, India saw a total of 86 acquisition deals, according to data recorded by Datalabs by Inc42. Here, Reliance stole the limelight with 11 M&A deals this year followed by Nazara Technologies which acquired three startups — Paper Boat Apps, SportsUnity and Bakbuck.
Although many large players were part of the M&A landscape this year, however, the number of deals decline as compared to previous years. For instance, between 2015 and 2018, the number of acquisition deals increased by 9% y-o-y. However, in 2019, the number of deals decreased by approximately 27% as compared to the previous year.
To read more, click here.
