Domestic buyers accounted for 67% of India’s Tech M&A deals in during the first nine months of 2026, underscoring the strength of local consolidation strategies and the confidence of Indian firms in scaling through acquisitions. At the same time, international interest remained significant, with US-based acquirers representing 18%, followed by Singapore and the UK at 3% each, reflecting India’s continued appeal as a hub for digital innovation and deep-tech capabilities. This distribution highlights a balanced ecosystem where domestic players drive the majority of activity, while global investors and corporations continue to view India as a strategic market that offers robust long-term growth opportunities.