One of the largest tech M&A deals in India through Q1 2025 saw QBurst, a leader in custom software development, digital transformation and enterprise solutions, acquired by Multiples, an India-focused private equity firm for $200 million in February 2025. 

In March, Fasal an Indian precision farming technology firm was acquired by Innoterra, a Switzerland-based agri-tech leader focused on global food supply chains. The acquisition, for an undisclosed amount, gives Innoterra access to Fasal’s 85,000-acre farmer’s network. This move is expected to double Innoterra’s distribution routes and boost revenue growth by 30–35%, strengthening its presence in the Indian agri-tech market. 

In February, Niveus Solutions, a cloud engineering services provider, was acquired by NTT Data Group, a global IT services leader based in Japan. The acquisition, for an undisclosed amount, strengthened NTT DATA’s strategic partnership with Google Cloud and enhanced its ability to co-develop data analytics and GenAI solutions for enterprise clients. 

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.

Nautilus Mobile a leading mobile cricket game developer was acquired by Krafton, a strategic leader in digital gaming for $14 million to expand its presence in India’s gaming market, with a focus on cricket games. The acquisition aligns with Krafton’s vision of making India a global hub for gaming development and creating exceptional gaming experiences for players worldwide.