What were the biggest startup acquisitions in India in 2016?
The year 2016 saw more acquisitions than last year, with hyperlocal delivery, online travel and e-commerce startups being the biggest gainers in India. While Myntra bought Jabong for $70 million, MakeMyTrip bought rival Ibibo for $720 million to create the country's largest online travel firm. PayU bought Citrus Pay for $130 million, making 15 Citrus Pay employees crorepatis.