Mergers and acquisitions take centre-stage as funding for start-ups dries up
October, 14th 2016
Looks like the start-up party may be coming to an end and giving way to a mergers and acquisition (M&A) after-party.
According to Inc42, funding (disclosed) to start-ups in September has declined by 127% on a month-on-month basis and 82% on an year-on-year basis in September alone. “The slew of late-stage fundings witnessed in August 2016 (Oyo, Hike, Quikr, ZoomCar, Mobikwik, InCred, Snapdeal and Paytm) extended into this month as well, with the likes of Druva, Byju’s,Pepperfry, Lenskart, Swiggy and Nykaa drawing in $190 million combined,” said the report.
The report further said that number of deals for start-ups has dropped by 12% in the given month as against the same month last year.