Merger & Acquisition

The handshake between the two payment gateway giants will make PayU one of the largest online payment providers locally and globally by total payment volume.

A host of companies like Lenskart and Dream Sports, which entered the unicorn club in the last few years, are expected to drive strategic investments in startups.

Spoton is the second acquisition by Delhivery this year. In March, it scooped up Primaseller, a California-based SaaS company providing order management software for omnichannel retailers.

Simplilearn’s early investors Kalaari Capital, Helion Venture Partners, and Mayfield will exit from their investments.

The decade-old company has now diversified into a software-as-a-service company.

Southeast Asian startups raised a total of USD 8.2 billion in 2020, down 7% from USD 8.79 billion in 2019, with 80% of the exits being mergers or acquisitions.

In May, Walmart-owned PhonePe signed the term sheet to acquire an over 90% stake in Indus OS, to boost its super app dream on the back of the latter’s content and app discovery platform.

RedSeer projects the Indian social commerce sector to become a USD 7 billion opportunity by 2025, contributing up to 5% to the total e-commerce market.