Mergers and acquisitions have picked up significantly in the startup space with 48 deals in the past three months, according to Xeler8, a platform that tracks startup activity in the country. This is in line with the trend towards consolidation among startups.
Whether it is a strategic move to eliminate competition, or to take advantage of the conducive market situation, startups are looking at acquiring other ventures.
Bengaluru-based online gifting platform Giftxoxo recently acquihired BookMyInterest.
Online fashion marketplace Voonik Technologies recently made three acquisitions -Zohraa, a marketplace for designers and boutiques, Styl and Picksilk -that helped it enter the premium ecommerce segment.
Conclusions with numbers :
40(1st quarter) ➡ 48(2nd quarter).
110 Deals in technology space in 2015.
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