During the pandemic, many companies shut their doors of business bearing heavy losses. However, some companies made it through the challenges by acquiring start-up businesses and few partnered with existing brands. We have a list of top 10 start-up deals in India of 2020 that were the talk of town.
Check out these deals that proved to be survival deals for various brands and businesses. These will help you to understand what went well with them that made them through COVID-19 losses.
The hotel brand raised $507 million approximately from Softbank Corporation. The deal happened in March, 2020 just when the nationwide lockdown began.
Byju’s managed to survive well too despite the colleges and schools being shut down during pandemic. The company managed to raise $500 million from companies like General Atlantic and Owl Ventures, Tiger Global, and Silver Lake. The deal was mutually agreed between all on September 8th.
Swiggy has been a leading brand in the food delivery services. The online vendor raised about $153 million in February from brands like Wellington Management Naspers, Tencent, Samsung Ventures, Korea Investment Partners, and few others…
Just before the pandemic spread its wings in India, Zomato raised funds of $150 million from Chinese giant, Alibaba in January. The company has managed to survive well during its thick and thin by delivering online groceries and necessary items.
Reliance Retail made a big announcement on its major stake acquisition in Chennai based Netmeds. It became the talk of the town in the world of business for few weeks.
ICICI Lombard and Bharti AXA’s insurance business got merged together by making a mutual arrangement between the two.
Gautam Adani group of companies went ahead acquiring 74% of shares in Mumbai International Airport. The airport deal was the second largest deal in the country that raised many disputes and questions too in the minds of common people.
Facebook made a big announcement recently by announcing an investment of whooping amount of $5.7 billion in Mukesh Ambani’s Jio Pslatforms Ltd… It led to Facebook taking over 9.99 percent stake.
Recently, two major cellular companies Vodafone and Idea got merged too! Both have named the recent project as VI. Initially, it was a year-long tariff war between the two.
Jio Platforms Ltd also closed a merger deal with Google International LLC at a deal of $4476 million. It was again one of the major topics to talk about.
Various other companies made similar deals by either taking up stakes or merging with each other.