India tech deals surge 33% in Q3 2025 driven by AI
Indian technology companies completed 80 transactions valued at $1.48 billion between July and September, representing a 33 percent rise from the previous quarter. Business advisory firm Grant Thornton said investors shifted focus from deal volume to higher-value acquisitions in artificial intelligence, software as a service and enterprise automation.
Mergers and acquisitions accounted for 29 transactions worth $743 million as domestic buyers pursued automation and artificial intelligence businesses. Three cross-border purchases totaling $100 million or more each accounted for 87 percent of the total international deal value.
Private equity and venture capital firms backed 50 companies with $584 million in the quarter. Early-stage and middle-stage enterprise software developers received the most funding. Deals exceeding $50 million occurred four times more frequently than in the previous three months.
Public market activity remained subdued with one initial public offering and no qualified institutional placements. Listed technology firms held back from equity raises amid valuation adjustments.
