India’s Tech M&A market reached a total disclosed value of $2.2B during the first three quarters of 2026, with a median disclosed deal size of $9M, reflecting a healthy balance between mid-market transactions and large-scale strategic acquisitions. However, financial terms were disclosed in only 28% of these deals, underscoring the selective transparency that characterizes India’s deal-making environment, where many transactions remain confidential to protect competitive positioning. The standout transaction was the $1B acquisition of Neysa, an AI accelerator cloud system, by Blackstone in February 2026 set the tone for the year and highlighted the growing importance of AI infrastructure as a cornerstone of India’s digital economy. This landmark deal demonstrated investor confidence in deep-tech capabilities, particularly GPU-powered platforms that enable faster training and inference and positioned India as a critical hub for next-generation cloud and AI solutions. Together, these figures illustrate a market that is increasingly defined by high-value strategic bets on transformative technologies, even as overall disclosure levels remain limited.


 

India’s tech VC funding remained volatile after peaking in 2021. Through September 2026, funding totaled $8.9B across 882 deals, down slightly from $9.5B in 2025. The median VC deal size of $4M continues to trail M&A median values, reinforcing M&A as the preferred growth and liquidity route for founders and investors. 

India’s Tech M&A market recorded 117 deals through September 2026, a moderation from the record 197 transactions in 2025, yet still reflecting strong momentum in the sector. Strategic buyers dominated, pursuing acquisitions to expand product portfolios, strengthen SaaS capabilities, and accelerate AI adoption, while private equity firms announced 11 transactions, equal to 9% of the total, selectively targeting scalable, tech-enabled assets with recurring revenue models. Looking ahead, projections indicate that India’s tech M&A market could reach 156 deals by year-end, suggesting a rebound in activity during the second half of the year as both strategic and financial investors continue to prioritize innovation-driven assets. This balance between consolidation and investment highlights India’s maturity as a Tech M&A hub, where deal-making is increasingly focused on the quality of assets and their ability to deliver efficiency, innovation, and long-term growth.