Dealert Deals India
Country · India

Recent M&A deals in India

Search recent transactions where the target is based in India. Disclosed and estimated figures are kept separate, and every record links back to a supporting source where available.

Deals in this slice
2,435
Public & account-only records combined
Year range
2026
Across the visible recent transactions
Shown below
10
Up to 10 recent records, newest first
Account benefit
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Recent transactions

Public snapshots in India

Target Buyer / Investor Sector Geo Transaction size EV / EBITDA
Raghava Life Sciences API and intermediates business RPG Active Pharma Generic Pharmaceuticals $18.1M 5× – 7×
Happiest Minds ITC Info IT Services & Consulting (NEC) $60.0M – $81.0M 6× – 8×
Rilo Adobe Enterprise Software $7.7M – $10.2M n/m
Unacademy upGrad Miscellaneous Educational Service Providers $206M 23× – 31×
ACP Tollways Private Limited APCO Infratech Private Limited, other individual buyers Highway Operators $6.7M 7× – 10×
Happiest Minds Technologies ITC Infotech IT Services & Consulting (NEC) $160M 5× – 7×
Lalithaa Jewellery Mart Shanti Gold International Jewelry & Watch Retailers $36.4M 5× – 7×
Cloud Wave Technologies Axiscades Technologies Cloud Computing Services $28.4M 6× – 8×
LetsTransport Bertelsmann Investments Ground Freight & Logistics (NEC) $170M 2.1×
Jaiprakash Associates' cement undertaking Dalmia Bharat Limited Cement & Concrete Manufacturing $34.0M 3.7×
Showing 10 of 2,435 records in this slice. Create a free account for the full view.
Valuations

Valuation multiples in India

Bins are observed deal frequencies across disclosed transactions. Use as a directional reference, not a target valuation.

Mature companies

EV / EBITDA

6.0×
17
6.5×
15
7.0×
37
7.5×
35
8.0×
34
8.5×
28
9.0×
30
9.5×
22
10.0×
37
10.5×
33
11.0×
38
11.5×
42
12.0×
38
12.5×
27
13.0×
24
13.5×
7
14.0×
8
14.5×
13
15.0×
21
15.5×
15
16.0×
17
16.5×
9
17.0×
6
17.5×
7
18.0×
6
18.5×
1
19.5×
1
20.0×
5
20.5×
4
21.0×
1
22.0×
3
22.5×
2
23.0×
3
23.5×
1
24.0×
3
24.5×
5
25.0×
8
26.0×
3
Mean
11.82×
Median
11.23×
P25
8.75×
P75
13.33×
P90
16.87×

EV / EBIT

8.0×
11
8.5×
16
9.0×
9
9.5×
26
10.0×
27
10.5×
28
11.0×
17
11.5×
25
12.0×
24
12.5×
32
13.0×
21
13.5×
18
14.0×
21
14.5×
26
15.0×
26
15.5×
17
16.0×
28
16.5×
22
17.0×
25
17.5×
13
18.0×
15
18.5×
13
19.0×
10
19.5×
3
20.0×
17
20.5×
14
21.0×
14
21.5×
8
22.0×
5
22.5×
8
23.0×
5
23.5×
2
24.0×
3
24.5×
1
25.0×
4
25.5×
2
26.0×
2
26.5×
3
27.5×
3
28.0×
4
28.5×
5
29.0×
1
29.5×
1
30.0×
1
30.5×
1
31.0×
1
32.0×
3
32.5×
2
33.0×
1
34.0×
1
35.0×
2
36.0×
4
36.5×
4
37.0×
1
37.5×
1
38.0×
1
38.5×
1
40.0×
2
Mean
16.12×
Median
14.89×
P25
11.72×
P75
18.58×
P90
23.33×

EV / Revenue

0.5×
11
0.8×
47
1.0×
61
1.3×
38
1.5×
39
1.8×
61
2.0×
47
2.3×
45
2.5×
77
2.8×
26
3.0×
26
3.3×
14
3.5×
14
3.8×
14
4.0×
16
4.3×
13
4.5×
12
4.8×
7
5.0×
16
5.3×
4
5.5×
8
5.8×
2
6.0×
2
6.3×
1
6.5×
2
Mean
2.42×
Median
2.24×
P25
1.47×
P75
2.99×
P90
4.33×
Early-stage & growth companies

EV / Revenue

1.0×
7
1.3×
16
1.5×
30
1.8×
10
2.0×
31
2.3×
14
2.5×
20
2.8×
19
3.0×
26
3.3×
14
3.5×
12
3.8×
17
4.0×
24
4.3×
14
4.5×
8
4.8×
10
5.0×
17
5.3×
22
5.5×
12
5.8×
13
6.0×
27
6.3×
7
6.5×
13
6.8×
7
7.0×
8
7.3×
7
7.5×
17
7.8×
9
8.0×
14
8.3×
11
8.5×
7
8.8×
4
9.0×
7
9.3×
9
9.5×
4
10.0×
19
10.3×
5
10.5×
17
10.8×
3
11.0×
2
11.3×
3
11.5×
1
11.8×
6
12.0×
12
12.3×
9
12.5×
11
12.8×
1
13.0×
1
13.3×
6
13.5×
6
13.8×
4
14.0×
5
14.3×
6
14.5×
1
15.0×
7
15.5×
2
15.8×
1
16.0×
8
16.3×
1
16.5×
3
Mean
6.40×
Median
5.50×
P25
3.02×
P75
9.09×
P90
12.43×

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