The startup ecosystem has seen an unprecedented flurry of deals in 2021. Whether it's buying smaller peers to enter new markets or to scale businesses, entrepreneurs have been on the M&A track throughout this year.

According to Bain & Company's new report that was released today, mergers and acquisitions in India are near an all-time high, led by more first-time buyers than ever before, accounting for more than 80 percent of the deals closed in 2020 and 2021, a marked increase from less than 70 percent through 2017 to 2019.

CNBC-TV18 spoke to Vikram Chandrashekhar, Partner at Bain & Company to discuss the key highlights of the report.

Also watch Manish Rathi, CEO & Co-Founder of IntrCity discuss the company's future plans and growth blueprint.

Watch video for more.

First Published:Dec 21, 2021 8:21 PM IST