homebusiness NewsTrend is non tech companies were buying stake in tech startups recently: Grant Thornton Bharat
Trend is non-tech companies were buying stake in tech startups recently: Grant Thornton Bharat
Merger and acquisition (M&A) has seen an uptrend this particular year, especially when the recovery has kicked started. Grant Thornton has come out with the deal tracker for February month and it has seen a good amount of traction in terms of volumes.
Merger and acquisition (M&A) has seen an uptrend this particular year, especially when the recovery has kicked started. Grant Thornton has come out with the deal tracker for February month and it has seen a good amount of traction in terms of volumes.
It is much higher than the previous year February 2020. On the other hand, the big trend that is emerging is the non-tech companies looking at a tech startup to adopt the technical advantage as well as get the digital space going.
Prashant Mehra, Partner at Grant Thornton Bharat, said, “Majority of the deals have actually witnessed within the usual sector. But many non-tech companies have bought tech firms in the startup space which can help advance digital transformation and provide and boost the customer experience as well.”
“What is really unique is that we have seen a lot of large companies such as ICICI, Tata they have actually gone into acquiring these tech companies.”
Talking about the sector seeing the most number of M&A deals, Mehra added, “Infrastructure definition is now advance from brick and mortar to include the information highways and technology as well."
"These large companies, their systems are such that it takes them a while to incorporate something of their own and these tech companies have already built their platform, it is like plug and play for them. I think where we will see a lot of action is anything that is around e-commerce. My bet would be anything around e-commerce, health tech, edu tech anything around these sectors.”
Watch accompanying video for more.
(Edited by : Bivekananda Biswas)
First Published: Mar 16, 2021 5:12 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Prajwal Revanna's father in custody for alleged kidnapping and sexual abuse
May 4, 2024 7:53 PM
Delhi, Indore, Surat and Banswara — why these are the most challenging domains for Congress internally
May 4, 2024 1:53 PM
Congress nominee from Puri Lok Sabha seat withdraws, citing no funds from party
May 4, 2024 12:00 PM
Lok Sabha Polls '24 | Rahul Gandhi in Rae Bareli, why not Amethi
May 4, 2024 9:43 AM