Unicorns outpace technology companies in acquisitions

BENGALURU: The top unicorns—shorthand for startups with valuations of $1 billion or more—in India are also the most acquisitive. Among other things, it indicates how many of these companies have used mergers and acquisitions (M&As) to scale up rapidly in a short period of time.

In contrast, among traditional technology companies in India, such deals are few and far between.

For instance, Quikr, the most acquisitive unicorn in India, has made 12 acquisitions since 2016, according to Tracxn, a technology data tracker. In comparison, India’s largest tech firm, Tata Consultancy Services Ltd, has made just two acquisitions, according to Crunchbase data.