Get All Access for $5/mo

6 Indian Unicorns and Their Multi-Mega Acquisition Tales Acquiring a company when you have the resources and money is one of the easiest ways for start-ups to accelerate business growth

By Bhavya Kaushal

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock

The journey of start-ups is becoming more predictable day after day. Their first step after launching is to increase the valuation; they look for million-billion dollar valuations. Once, their funding is in place, they look at expansion, both in the domestic market as well as international market. Initially, the routine was to outsource services but now mergers and acquisitions have garnered greater importance. Start-ups, particularly, in the last few years have gone all out when it comes to M&A. According to a media report, Acquiring a company when you have the resources and money is one of the easiest ways for start-ups to accelerate business growth.

Here are 6 Indian unicorns and their acquisitions.

Zomato

The foodtech unicorn has gone all-out to transform every inch of human imagination into reality. After giving fierce competition to its rival, Swiggy, Zomato has made acquisitions and has monstrously expanded. It has reportedly acquired 12 startups globally. Drone start-up Tech Eagle, Seattle-based Urbanspoon, Tongue Stun are some of the notable ones.

Flipkart

Flipkart, got the addition of "former" to its unicorn status after it got acquired by Warren Buffet-led Walmart. However, in the early days before the acquisition, Flipkart was and still is a fearsome start-up that acquired e-commerce small start-ups like Myntra and Jabong. The deal benefitted everyone with Flipkart benefitting from the variety the acquisitions offered and the latter capitalized on the former unicorn's reach and engagement. Flipkart has done a total of 13 acquisitions, E-bay being the most recent of these.

OYO

Oyo has been not been as aggressive as its counterparts when it comes to M&A. It has acquired 5 firms in alls including co-working space Innov8, Leisure Group (for a whopping $415 million), Weddingz etc. Very little is known about these deals except for the deal with Leisure Group. Oyo is rolling out its M&A strategies differently but nevertheless, it is very much in the race. Recently, it was reported that Oyo Hotels & Homes is in talks to acquire Qianyu, a midsize hotel brand in China. No confirmation has come in yet regarding the same.

Paytm

Paytm has done 11 acquisitions in all. It did its first acquisition within 4.5 years of its inception. Paytm is one of the fastest companies to have done an acquisition. Near.in, EduKart, Nearbuy etc are some of the popular acquisitions done by the digital payments company.

Quickr

Quickr has been one of the most aggressive unicorns in M&A strategy with 15 acquisitions in eleven years, a feat not many unicorns can boast of. Among its acquisitions, GoZefo, HDFC Realty, HDFC Developers are the notable ones. Quikr's acquisition of CommonFloor created some stir in the Indian business ecosystem. The real estate portal which was acquired by the Indian classified advertising platform saw its three founders quitting within just one year into the deal.

Ola

The cab aggregator is another example of an Indian unicorn that pumped big pennies in M&A deals though the total number of acquisitions done is 5 including Ridlr, Geotagg, TaxiForSure.com etc. Ola's acquisition of FoodPanda gave it a comfortable position in the Indian food market give head-on competition to U.S.A-based Uber and its food-eating initiative, Uber Eats.

While these were some of the big guns of the Indian start-up ecosystem who made several significant acquisitions, there are also unicorns like Swiggy and ReNew Power who have only 4 and 2 acquisitions respectively. Some unicorns in the Indian start-up ecosystem don't have that robust a strategy when it comes to M&A.

Editor's Note:

To know more about unicorns eyeing acquisitions, don't forget to join the SEALING THE DEAL: THE HOW, WHAT AND WHY OF EXIT panel of our Entrepreneur show. Entrepreneur 2019 is the flagship annual event of Entrepreneur Media. It is the final destination for entrepreneurs, investors, disruptors and innovators where they discuss, debate and dissect what the future holds in a vibrant atmosphere. In its Ninth Edition, Entrepreneur Media brings together the Movers and Shakers of India and Asia Pacific.

Bhavya Kaushal

Former Features Writer

I am a work-in-progress writer and human being. An English graduate from Delhi University, writing is my passion and currently, I was Entrepreneur India's start-up reporter. I love covering start-ups and weaving their stories into unforgettable tales with the power of ink! 
News and Trends

Recur Club Announces Credit Offerings for Startups Beyond Series A and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.

News and Trends

Stride Ventures Launches Fourth Fund with USD 300 Mn Target Corpus

Industry leaders like BlueStone, Upstox, Moneyview, Ather, Pharmeasy, Infra.Market, and Ola Electric have benefited from Stride's support.

News and Trends

Supply-Chain Financing Platform Mintifi Raises USD 180 Mn in Series E, Valuation Soars to USD 850 Mn

The raised funding will enable Mintifi to diversify its product offerings, such as dealer management systems, loans against property, and factoring services, powered by artificial intelligence.

News and Trends

East Ocyon Bio, Culture Circle, Power Gummies, and Navanc Raise Early-Stage Funding

The startups listed below have disclosed investment rounds.

News and Trends

Australian Human Spaceflight Pioneer Expands Indo-Pacific Footprint with New Operations in India

With a focus on pioneering advanced human spaceflight services, the new India office will serve as a strategic hub to cater to the growing demand for innovative space tech solutions in the Indo-Pacific region and foster collaboration with Indian government agencies, research institutions, and private enterprises.

News and Trends

AWE Funds to Scale Women-Led ClimateTech Initiatives with CGEF Grant

The grant will empower AWE Funds to expand initiatives, invest in women-led climate companies, enhance accelerator programs, and launch a fellowship nurturing young women professionals in climate and sustainability.