This space was the darling of investors for the last two years, thanks to the mega boost it got during the pandemic. But things are shifting fast now, with demand and growth flat lining. Raising funds has therefore become a difficult task, especially in the current environment where there is extreme caution. No wonder then that there is constant buzz of consolidation in this space. The rumour mills were active last week on buzz that two firms were merging, as two founders of these firms, who have a common investor, met a few times. They denied this though and said these were ‘casual’ catch up meetings. While the buzz seems to have fizzled for now, watch this space when the tide turns!
