Through strategic partnerships and targeted mergers and acquisitions, companies accelerate innovation and bolster their portfolios. These collaborations empower businesses to deepen their expertise, enter new geographic markets and broaden their customer bases.
So, what does this mean for the future of Tech M&A in India?
M&A activity in the country remains strong, with 175 deals announced in the first nine months of 2025 alone. If this pace continues, the total number of transactions will surpass the ten-year high of 186 deals recorded in 2022—highlighting a clear upward trend in deal volume.
What does this growing momentum suggest?
It reflects a market filled with well-capitalized, motivated buyers who are actively pursuing acquisitions. These buyers are offering attractive valuations—often on favorable terms—for companies with innovative technologies and established user bases.
The six incredibly impactful trends driving tech M&A activity in 2025 in India include Edtech, Fintech, AI, Cybersecurity, Agtech and Martech.
Starting with our first trend, Edtech. Organizations are seeking solutions to manage vast student bodies with substantially different learning objectives and varying levels of comprehension. Showcasing this trend, DoubtBuddy, an AI-driven academic doubt-solving platform based in India that is changing how students obtain answers to their academic questions, was scooped up by another Indian company, AppX, in July, to blend AI with human educators to improve student learning outcomes.
Moving on to our second trend, Fintech. Ensuring that credit flows effectively is essential for small businesses that lack the financial resources of their larger peers. Highlighting this trend, 4Fin, an Indian Fintech platform that combines technology and finance to improve the landscape for SME financing, sold up to a 100% equity interest to Team India Guaranty in August. This move aims to integrate 4Fin’s full-stack Fintech platform with Team India Guaranty’s own platform, creating a company with substantial reach.
Pivoting to our third trend, AI. This technology is being used to enable computers to recognize visual objects and understand natural human language, unlocking new capabilities for AI with real-world applications. Illustrating this trend, Aidetic, an Indian AI engineering company specializing in computer vision, custom natural language processing and embedded machine learning, was picked up by UK-based Aays in September to accelerate pilot projects to production, helping enterprises reduce time-to-value.
Shifting to our fourth trend, Cybersecurity. Digital threats are on the rise, and key infrastructure, including servers and related equipment are at risk, as is information stored online which requires adequate protection to safeguard against proliferating threats. Showcasing this trend, Novigo Solutions, an Indian provider of engineering and professional services including features covering cybersecurity, was pocketed by US-based Accion Labs in August for $46 million to strengthen its product suite.
Our fifth trend is Agtech. India is a powerhouse in agricultural production and its many farmers are demanding tools to manage large workforces that are often highly mobile. Highlighting this trend, Veear Projects and Tech, an Indian provider of staff augmentation solutions, was purchased by India’s GenXAI in September to build a robust, AI-driven business performance system that makes it easier to attract, retain and nurture talent.
Lastly, our sixth trend is Martech. Powerful and versatile offerings are needed to quickly run marketing campaigns that can effectively reach audiences across diverse platforms. Illustrating this trend, Onemotion Group, an Indian Reddit-first marketing agency, was bought by Creativefuel in August to expand its expertise in Reddit strategy, AMA orchestration, answer engine optimization and LLM-era reputation management so it can reach as many potential shoppers as possible.
