The largest Indian Tech M&A deal this year involved RenewBuy, an online insurance platform offering personalized insurance solutions across India, that was acquired by InsuranceDekho for $934 million, enabling the buyer to expand the customer reach and strengthen its position in the online insurance distribution market. 

The acquisition of Mindgate Solution, a leading provider of digital payments technology to banks and financial institutions, by the Netherland-based fintech player PayU for $68M. This transaction reinforces PayU’s strategic push to deepen its presence in India’s high-velocity payments sector, particularly in real-time and UPI-driven services

PeopleStrong, a leading provider of human capital management solutions in India, was acquired by Goldman Sachs for $130 million, supporting Goldman’s strategy to expand its talent and technology capabilities in global HCM services

In December, Searchlight Health sold its advanced analytics and patient engagement tools to California-based healthcare software provider  Apollo Health, which is backed by Advent International, for nearly $8M. The deal allowed the buyer to enhance its healthcare tech ecosystem for a growing userbase and strengthen its presence in the Indian healthcare market.

In April, TalentSprint, a provider of online education programs in India focused on Generative AI, machine learning, business analytics and software development, was acquired by Accenture, aligning with Accenture’s LearnVantage strategy to equip clients with critical tech skills for digital transformation.