In the first six of 2025, four strategic acquirers emerged as the most active in India’s tech M&A landscape, each completing two transactions. This group comprised domestic firms such as customer experience platform LitmusWorld and loan distribution specialist Finwizz, alongside international players including US-based cloud and data transformation provider Healthcare Triangle and Israel-based insurance platform Sapiens International. 

India’s Tech M&A landscape in the first half of 2025 saw a surge in activity, with 135 deals announced—putting the market on track to potentially double the total volume of the previous year. Strategic buyers dominated nearly 90% of activity, driven by digital transformation, AI adoption and market consolidation across sectors. Private Equity remained active with 14 deals, reflecting consistent interest despite a slight dip from 2024. This momentum indicates a healthy deal environment as India continues to attract buyers seeking scalable tech opportunities. 

India’s Tech M&A disclosed value for the half of 2025 reached $1.7 billion, already surpassing 2024’s total. Financial terms were disclosed in 30% of transactions as strategic buyers and investors showed continued appetite for high-quality Indian tech assets while maintaining confidentiality around deal specifics. 

After peaking in 2021, India tech VC funding dropped sharply in recent years and remained subdued during the first six months of 2025. These dynamics have encouraged companies to instead pursue M&A strategies for growth and liquidity.