The Economic Times
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| 29 November, 2021, 08:54 AM IST | E-Paper
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Business News›Tech›Tech & Internet›Consumer internet companies strike record number of deals this year
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    Consumer internet companies strike record number of deals this year

    Synopsis

    Industry executives said they expect the momentum to continue, with high growth forecast across consumer-facing companies.

    New Delhi: Indian consumer internet companies have acquired a record 75 -plus firms between December 2020 and November 2021, data by market intelligence services firm Tracxn showed. The acquisitions, all-time high for any given 12-month period, range from 100% buyouts to partial equity stakes. A slew of companies have bought out firms, including Reliance Retail acquiring tech search platform Justdial, Tata Group’s stake buy in e-grocer
    BY
    ET Bureau
    4 mins read
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