What lies ahead for Indian startups?

M&A is on the rise in India. For instance, Deloitte reported a 72 percent increase in deal volume in 2023 compared to the previous year. Moreover, according to S&P Global, India led the Asia-Pacific region in terms of M&A activity in Q1 2024, with 27 deals completed. This was over 13 deals filed by Japan, 12 by Australia, and 11 by South Korea. Some of the notable mergers that took place in India include the Reliance-Disney merger, Walmart’s acquisition of Flipkart, Vodafone India-Idea Cellular merger, and others. In the rapidly competitive landscape of India, it will be interesting to see how this impacts businesses.