A sneak peek into biggest M&A deals in India's ecomm, Internet segments
As investors turn their focus on unit economics and profitability, funding for tech startups and consumer Internet companies has tightened. This has not only resulted in a number of shutdowns in the segment but has also pushed companies to strike merger and acquisition deals.
Fashion e-commerce aggregator Voonik, for instance, acquired three startups in June 2016 alone. And there is little doubt that the sector will see more M&A deals in coming months and years.
On Thursday, VCCircle reported that Snapdeal, India's second-largest homegrown online retailer, had sent feelers to staunch rivals Flipkart and Amazon to explore a possible merger. Separately, The Economic Times said that Chinese e-commerce major Alibaba Group had held talks to acquire shopping marketplace ShopClues.
As the two news reports indicated, India's e-commerce sector could be heading toward major consolidation. For now, take a look at some of the biggest deals that have happened in India's e-commerce and the broader Internet segment.
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