India witnesses high level of merger and acquisition in online food delivery start-up space

Key highlights:

• The M&A deals in the online food delivery business in the 2017 till date is 15 so far
• There were only 28 mergers and acquisitions in this space from 2012 to 2014
• Outside of the US, India has witnessed a particularly high concentration of M&A's in the food delivery space

The merger and acquisition (M&A) activity has been on the rise in online food delivery start-ups. The M&A deals in the online food delivery business in the 2017 till date is 15 so far. While there were only 28 mergers and acquisitions in this space from 2012 to 2014, it has now increased to 41 M&A deals in 2015 and 31 M&As in 2016, according to a CB insights report.

Outside of the US, India has witnessed a particularly high concentration of mergers and acquisitions in the food delivery space, with 6 deals between 2012 and 2017 year-to-date among companies with disclosed funding, said the report.

More and more restaurants are turning to food delivery start-ups