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Top startup acquisitions · India

Top startup acquisitions in India in February 2026

We tracked 6 startup exits in February 2026. 3 disclosed a price, worth $16.4m in total. The biggest was upGrad buying Internshala for $11m, ahead of Thermax and ExactSpace at $3.4m.

All India startup acquisitions →
  1. #DateAcquirer → StartupSectorLocationPriceSize
  2. 126 FebupGrad → InternshalaupGrad buys internship platform Internshala in share-swap deal valuing it at about Rs 100 croreEdtechGurugram, India$11m< $50m
  3. 227 FebThermax → ExactSpaceThermax takes control of industrial AI startup Exactspace for Rs 30.48 crore ($3.4M)AIBengaluru, India$3.4m< $50m
  4. 311 FebRainmatter → PensionBoxZerodha's Rainmatter buys 51% of pension platform PensionBox for $2 millionFintechBengaluru, India$2m< $50m
  5. 424 FebLAT Aerospace → Sharang ShaktiDeepinder Goyal's LAT Aerospace acquires counter-drone startup Sharang Shakti to enter defenceMobility & logisticsGurugram, IndiaUndisclosedUndisclosed
  6. 510 FebBertelsmann → LetsTransportBertelsmann takes 80% control of Indian trucking platform LetsTransportMobility & logisticsBengaluru, IndiaUndisclosedUndisclosed
  7. 63 FebHORIBA → Pristine DeeptechHORIBA buys Indian lab-grown diamond startup Pristine Deeptech to build an R&D hubEnterprise softwareAhmedabad, IndiaUndisclosedUndisclosed