Unicorns on M&A spree in India, outpace technology firms in acquisitions

Unicorns on M&A spree in India, outpace technology firms in acquisitions

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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.