M&A – Merging and Acquisitions

The activity of merging and acquisition in the month of October was majorly driven by the software and IT firms. They are observed with acquiring the budding startups to boost their core technological abilities. The topmost deals happened in the month are OTA company Ixigo purchased a major stake in a travel booking startup Zoop Web Services and D2C Sea food and meal brand Licious acquired ‘My Chicken’.

VC Funding

Startups in India has reported 11% decline in VC – venture capital funding which is $1.10 billion drop when compared to $1.245 billion funding raised in the same period last year. Particularly, the funding fall was even greater at 20% compared to September 2024. In terms of cities, Mumbai occurred as the topmost destination for VC funding in the month of October by securing total VC funding at $336 million, where Bengaluru and Chennai captured second and third place respectively.

Future Outlook

Looking forward, the driving force seen in the month of October 2024 is probably to continue with enhanced investor interest from both domestic and international ends. And the focus will likely sustain on the sectors such as renewable energy, foodtech, cleantech, technology, D2C, and fintech which are witnessed as the vanguards of nation’s economic transformation. As this scenario continues to progress, we can expect to witness more mega deals, improved involvement, and infusion of funds from international investors and a sustained prominence on invention and technological revolution.