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Global tech giants on an acquisition spree this year December 19, 2020 × FAMGA acquired 35 firms in 2020 vis-à-vis 31 in 2019; amount spent on buys also doubled Facebook, Apple, Microsoft, Google and Amazon (FAMGA) or the Big Tech have acquired more companies in 2020, when compared to 2019. According to data from Tracxn, a firm that tracks investments and financials of private companies and start-ups, FAMGA have cumulatively acquired 35 firms in 2020 as against 31 firms in 2019. Among the five, Apple tops the list with 11 acquisitions, followed by Facebook and Microsoft with nine each, Google at five and Amazon at one, thus far in 2020. Experts said the overall increase in numbers this year could be because of the increase in demand for digital services across the markets, the economic downturn making the deals more profitable, among other factors. ....
Indian early-stage start-up investor Venture Catalysts Group (VCats) is planning to invest around Rs 1,000 crore in start-ups in 2021. In 2020, the fund invested around Rs 700 crore, up by 40 per cent compared to 2019, through a syndication in several idea-stage and early stage businesses across sectors. Some of the co-investors, who were part of the syndication include Sequoia Surge, Nexus Venture Partners, Facebook FB Start, Lightspeed Venture Partners among others. The Mumbai-based investment firm VCats runs an incubator and a SEBI registered accelerator fund 9Unicorns. It made the highest number of deals at 102 this year, compared to 63 a year ago. VCats, which focuses on strengthening the start-up ecosystem in the smaller Indian towns, has invested over Rs 700 crore through a syndication in several idea-stage and early stage businesses across sectors this year as compared to Rs 500 crore in 2019. ....