GrowthPal Nets $2.6 Mn To Automate M&As

SUMMARY

The SaaS startup plans to utilise the fresh capital to scale up product development and expand its presence across the US and other international markets

Founded in 2020, GrowthPal’s M&A copilot scans various publicly available indicators to build a list of targets for M&As that align closely with the buyer’s mandate

The startup claims to have so far processed 42 M&A transactions and facilitated over 210 LoI-stage conversations across North America, Europe, Asia, and Latin America

Mergers and acquisitions (M&A) matchmaking platform GrowthPal has raised $2.6 Mn (INR 23.5 Cr) in a strategic round led by Ideaspring Capital, with participation from other undisclosed angel investors.

The SaaS startup plans to utilise the fresh capital to scale up product development and expand its presence across the US and other international markets.

Founded in 2020 by Maneesh Bhandari, Shalu Mitruka and Amaresh Shirsat, GrowthPal has built an M&A copilot. The AI-powered platform scans its database for public filings, web activity and other indicators to build a list of targets for M&As that align closely with the buyer’s mandate.

“Teams spend weeks researching, filtering, and chasing opportunities that never go anywhere. We built GrowthPal to help buyers focus only on high-intent, high-fit targets and move from mandate to meaningful conversations far faster,” said GrowthPal cofounder and CEO Bhandari.

Unlike aggregation platforms like PitchBook, Datasite and Tracxn, GrowthPal claims that its AI-driven platform helps teams identify specific companies, based on strategic intent, sector context, and readiness to transact.

The startup claims to have so far processed 42 M&A transactions and facilitated over 210 letter of intent (LoI)-stage conversations across North America, Europe, Asia, and Latin America. The company claims that its clients include large and mid-market enterprises and startups across sectors such as SaaS and fintech.

Going forward, the company plans to roll out new features such as valuation reasoning, deal structuring and preparation for negotiations.

GrowthPal operates in the broader M&A automation segment, which has spawned a slew of new startups that are compressing months-long processes into weeks through AI-powered workflows. These tools automate target screening, due diligence checklists and valuation as consolidation wave grips the Indian startup ecosystem.

The space is expected to see healthy traction as allied AI-led platforms move from experimentation to execution. Then, there is the added benefit of these cloud-led platforms offering scalability and accessibility.

At the heart of all this is the global M&A automation tools market, which is projected to become a $8.15 Bn opportunity by 2033.