Year Round Up 2024: Mergers and Acquisitions we saw this Year!

The year 2024 saw a lot of mergers and acquisitions that marked important steps in the business industry. As the year comes to an end, here are a few of them that you must know!

• Nodwin Gaming has acquired AFK Gaming for 7.6 crore.
• Volatus Aerospace has partnered with Drone Acharya and signed a Memorandum of Understanding to bring advanced drone solutions.
• Vivo India is set to form a Joint venture with Dixcon, an electronics contract manufacturer to manufacture electronic devices. 
• A SaaS media firm, Amagi, has announced the acquisition of Argoid, which is likely to boost the functionality of Amagi’s product suite.
• AI - Uniphore, a group leader in Enterprise AI, purchased two firms, ActionIQ and Infoworks to be able to deliver the industry’s first Zero Data AI Cloud. 
• Nodwin Gaming, a gaming and esports company, has acquired Trinity Gaming at a valuation of Rs. 24 crore. 
• Cybersecurity landscape, Information Security Media Group (ISMG) has taken a majority stake in Nullcon.
• The Good Glamm Group has acquired majority stakes in The Moms Co. through a cash and stock deal,
  Arzooo is acquired by Moksha Group to empower small retailers with digital tools.
• Khatema Fibres has been acquired by Moglix with an investment of Rs. 80 crore.
• 360 ONE Asset has acquired OneSource Speciality Pharma for an undisclosed amount.
  The beauty brand and an e-commerce Nykaa have acquired majority stakes in Earth Rythm.

• Mumbai-based Moksha Group has acquired the struggling Arzoo Assets without disclosing the commercials.
• E-commerce enablement SaaS platform Unicommerce has acquired  Shipway, a Gurugram-based e-commerce technology platform. Reportedly, the company has acquired a 42.76% stake in Shipway.
• Kovai. Co, a Coimbatore-based company, has acquired Bengaluru-based B2C SaaS startup Floik⁠⁠ , which aims to strengthen the Kovai.co’s capabilities with its AI-powered knowledge management software, Document360.
• Makemytrip acquired the Happay Expense Management platform from CRED.
• Reliance acquired Tagz Foods, a brand that appeared in the Shark Tank show.
• Blackstone acquired a 20% stake in Haldiram’s.
• The wealth-tech platform has acquired a wealth management platform, Nivesh acquired Wealthzi.
  Veefin Solutions has got the majority stakes in GenAI startup Walnut.
• BrahmVeda Ventures, an AI-focused venture studio, has acquired Vedvaani, an Astro AI platform in a cash and equity deal.
• Bizom acquired Rhythm 2., a Sales Route Optimiser, aiming to optimise sales efficiency and expand digital reach in Indian retail.
• Ixigo approved the acquisition of a majority stake in Zoop Web Services for Rs. 12.54 crore.
• Direct-to-consumer (D2C) meat and seafood brand Licious acquired My Chicken to expand its presence across South India.
• IBM purchased Prescinto to integrate the company's renewable energy asset management software into IBM.
• Indium, an AI-driven digital engineering firm supported by the esteemed private equity firm EQT, took over Experion.
• Gaming investment company Jetapult acquired UMX Studio to expand its presence across markets. 
  Singapore-based Temasek has bought an undisclosed stake while investing in Bharti Enterprises for $20 million.
• Ozonetel, an industry-leading provider of a unified customer experience intelligence platform (oneCXi) acquired CloudConnect Communications.
• eBikeGo purchased a 40% stake in Varcas Automobiles.
• Exicom took over US-based Tritium for USD 37 million.
• Adda247 acquired PrepInsta, a placement preparation platform wherein the financial details are not disclosed.
• Pluckk purchased a nutrition brand Upnourish in a USD 1.4-million deal.
• Capital IQ took over Karman Drones at Rs. 75 crore (around $9 million).
• UST acquired Information Services Group’s automation unit for Rs. 226 crore.
• Rakesh Gangwal, the co-founder of IndiGo, purchased 3.6 million shares of Southwest Airlines.
• Former Cricketer Sachin Tendulkar has acquired ownership stakes in America's National Cricket League (NCL), which is expected to give a big boost to the sport in the United States. 
• Zaggle has acquired a significant stake of up to 98.3% in a tax filing platform, TaxSpanner.
• Game streaming platform Loco has been acquired by Redwood, a UAE-based investment firm for $65 Mn.
• Redcliffe Labs is planning to acquire Celara Diagnostics, aiming to expand its presence in the diagnostics space.
• Mumbai-based supply chain financing and working capital software ventureVeefin acquired a 26% stake in EpikIndifi.
• OYO has acquired Motel 6-parent G6 Hospitality for $525 million.
• Stockal has acquired Acru, a brand that specialises in infrastructure solutions for NRIs and PIOs investing in Indian financial products.
• Wondrlab, a marketing technology agency, has acquired its second influencer marketing platform OPA.
• Marsh Harrier, an agri-tech start-up, which is backed by IIMA Ventures, has acquired a computer vision company AJA Vision Technologies for an undisclosed deal.
• Nazara Technologies made two acquisitions which include a stake in Moonshine Technology, the parent company of PokerBaazi for an amount of Rs. 982 crore ($100 million) and $2.2 million for acquiring Stan, a blockchain-based e-sports fan engagement startup.
• GoKwik, an e-commerce enabler, has acquired Return Prime, a returns management app.
• The hearing care provider Hearzap has acquired Speech and Hearing Care to expand the market share in Bihar and Jharkhand.
• Yatra has acquired Globe Travels, aiming to increase its customer base in the corporate travel sector.
• VerSe Innovation, the parent company of Dailyhunt and Josh, has acquired Valueleaf Group, a digital marketing firm in a cash-and-stock deal.
• Accel-backed mobile and web software testing platform BrowserStack has acquired Bird Eats Bug, a Berlin-based bug reporting startup in a $20 million deal.
• ANSR, a business consulting company, has acquired an HCM platform, hrEntries to strengthen its capabilities for global team management.
• A listed blockchain and IT development company Yudiz Solutions has acquired a majority stake in ABCM App Private Limited, which is a consultancy and technology solutions company.
• GRM Overseas which produces, sells, and exports rice and paddy has acquired a 44% stake in Rage Coffee, a D2C food and beverage brand.
• Nazara Technologies has bought the UK-based Fusebox Games, a gaming studio for Rs. 235 crore.
• Zomato is likely to expand its operations by acquiring Paytm’s movies and ticketing business.
• Zappfresh, the online retailer of fresh fish and meat, has acquired Bonsaro, a Mumbai-based company that is popular for the online delivery of poultry, goat, and seafood.
• The agritech firm Jai Kisan has got regulatory approval to acquire Kushal Finnovation Capital.
• The Veefin Group of Companies has acquired Nityo Tech, which is the Indian arm of Singapore-based Nityo Infotech. It is the second acquisition of Veefi in two months.
• OYO acquired Checkmyguest, a Paris-based company for $27.4 million.
• Radio Mirchi’s parent ENIL has purchased Gaana.com. for Rs. 25 lakh.
• Nazara Technologies acquired Fusebox Games for Rs. 228 crore ($27.2 million).
• The Staffing startup Instawork has acquired Y Combinator and Elevation Capital-backed Able Jobs recently.
• Nazara’s Absolute Sports acquired a 100% stake in DeltiasGaming.com.
• Shobitam acquired Isadora Life for an undisclosed amount.
• Exicom acquired Tritium to expand global EV charging.
• Apax Partners picked up 52% stakes in greytHR.
• Infibeam Avenues shares were risen following the acquisition of the stake in Rediff.com India.
• SaveDesk acquired a 90% stake in Fairexpay to enhance its fintech capabilities.
• Nazara Technologies became the 8th largest global gaming acquirer.
• Riveron, a business advisory firm has acquired Yantra to expand its operations.
• Thyrocare has acquired Polo Labs to strengthen its presence in northern India. 
• Acko and Captain Fresh, both of which belong to the insurance and seafood industries have acquired OneCare and Koral respectively eying a strong market position. 
• Gaming and sports media company Nazara Technologies fully acquired Paper Boat Apps, the developer of the popular children’s learning app Kiddopia, for Rs. 300 crores. This is followed by their initial 50.91% stake acquisition in 2019.
• Collective Artists Network, a talent management and influencer marketing firm, acquired galleri5, an AI-powered platform, hinting towards AI-driven strategies in the space of creator management.
• MGM Healthcare, a multi-specialty quaternary-care group acquired Seven Hills Hospital in Vizag for Rs. 171 crore. The acquisition is said to be part of the corporate insolvency resolution process of Seven Hills Hospital. 
• AI-based financial wellness platform, CASHe's parent company, Aeries Financial Technologies' (AFT) acquired Centcart Insurance Broking. However, the amount has not been disclosed.
• The ed-tech platform Schoolnet acquired the Mumbai-based K-12 focussed quiz-based learning app Genius Teacher in an all-stock deal. The company has not disclosed the financial numbers.
• Indian crypto exchange CoinDCX has announced that it has fully acquired BitOasis, a Middle Eastern virtual asset platform. Both teams will merge, with BitOasis retaining its brand.
• Nodwin Gaming, the esports arm of Nazara Technologies, is acquiring Freaks 4U Gaming, a German esports agency in a two-part share swap deal costing Rs. 271 crore. 
• With bases in the US and development centres in India, HR tech firm Phenom acquired Tydy, a human resources technology startup that offers pre-boarding and onboarding of new employees.
• Eying to lead in the industry, the edible oil major Patanjali Foods Ltd acquired Patanjali Ayurved's home and personal care business for Rs. 1,100 crore.
• UltraTech Cement has bought 23% of India Cements for Rs1,885 crore. It was a non-controlling financial investment made at Rs. 267 per share.
• Dr. Reddy announced an acquisition of Nicotinell portfolio products for £500 million. The amount includes an upfront cash payment of £458 million and performance-based contingent payments of up to £42 million which will be payable in 2025 and 2026.
• A US-based venture capital firm General Catalyst merged with Delhi NCR-based early-stage investment firm Venture Highway. After the merger, the brand will come to be known as General Catalyst India.
• The NSE-listed OTA Yatra Online acquired Adventure and Nature Network Private Limited (ANN) picking up an additional stake of 49% for Rs. 98 Lakh.
• Ananta Capital’s beauty and wellness arm, Guardian, acquired a 55% stake in a D2C personal care startup, Anveya Living. The brand Guardian also plans to increase its stake.
• TMRW, the Aditya Birla Group’s fashion arm acquired a 16% stake in the Virat Kohli-backed WROGN for Rs. 125 Crore. it is an all-cash deal. The funds are likely to be used to expand WROGN’s offline footprint.
• 360 One signed an agreement intending to buy ET Money from Times Internet for Rs. 365.8 Cr in a cash and stock deal. Herein, as per the reports, the wealth and asset company paid Rs. 85.8 Cr in cash to the company.
• Nazara Technologies’ subsidiary NODWIN Gaming International Pte Ltd, has bought Ninja Global FZCO (Ninja), an esports and gaming production company for $3.57 Mn in a cash and stock deal.
• The early-stage venture fund South Park Commons (SPC), based in Bengaluru has entered India in collaboration with Flipkart co-founder Binny Bansal to open its first international outpost in Bengaluru.
• Aiming to become one of the leading sports and entertainment focus publishers in the US market, Nazara Technologies’ subsidiary Absolute Sports (parent of Sportskeeda) acquired all the assets of Pennsylvania-based entertainment news site Soap Central for an amount of $1.4 Mn in an all-cash deal.
• Amazon reached its final stage in acquiring MX Player from Times Internet. The company also confirmed that it has signed an agreement to buy some assets of the video streaming platform. 
• Times Network, the Broadcasting giant has bought the technology media portal Digit.in from 9.9 Group through an undisclosed amount. The company is looking to work on its digital publishing capabilities.
• Fintech startup BharatX acquired healthcare startup Zenifi. As a part of the collaboration, Zenifi co-founder Padam Kataria joined BharatX to lead its healthcare vertical. 
• Honasa Consumer Ltd., the parent company of Mamaearth, acquired the assets of Thane-based skincare company CosmoGenesis Labs for $480K (Rs. 4 Cr). 
• IndiaMART, a B2B marketplace acquired a 10% stake in a fraud detection startup named Baldor Technologies for Rs. 89.7 Cr (about $10.7 Mn). The investment will likely uphold the long-term objective of providing various software-as-a-service (SaaS) solutions for businesses.
• The AI platform  SocialBoat was acquired by Noise, an audio tech startup where the amount has not been disclosed. The startup aims to use SocialBoat’s AI capabilities to offer services on its wearable devices.
• B2B fintech startup CashFlo acquired GST compliance platform Logitax for an undisclosed amount.
• VC fund YourNest Venture Capital partnered with SanchiConnect, deep tech enablement platform together launched an accelerator for deep tech startups, Velocity Fast Track Startup Funding Program.
• News aggregator DailyHunt’s parent company VerSe Innovation acquired the digital newsstand platform Magzter. Post this acquisition, VerSe launched DailyHunt Premium, a subscription-based service to grant users access to premium content.
• The cloud kitchen startup Ghost Kitchens India announced to have acquired The Shy Tiger in an all-cash deal. 
• Spartan Poker and BatBall 11, OneVerse Gaming bought online poker platform PokerSaint.