“While the two acquisitions do bode well for young entrepreneurs in India, Yugal Joshi a practice director at Everest Group, said the Indian start-up system is highly fragmented. So, acquisitions by a few entities might not necessarily reflect the maturity of an entire system. “What this (acquisitions) certainly signifies is their (start-ups’) growing appetite and stature globally,” he said. “Also, that these start-ups have confidence in their abilities to raise the needed funds to finance this acquisition. This stems from the fact that they and their investors realise the fundamental strength in the business models of these start-ups.” Read More.
