Through Q3 2025, India recorded 175 tech M&A deals. The leading sector was Internet Content & Commerce, representing 30% of total activity, followed by IT Services at 17%, ERP at 6% and Payments and Online Marketing & E-Commerce at 5% each. Business Intelligence and Security both had 8 deals. Additionally, CRM and Industry-specific Software both recorded 7 deals. This distribution underscores the dominance of digital platforms and IT services in India’s tech M&A landscape for Q3 2025.