Acquisition ExplainedITC
ITC's ₹645 Crore Buyout of Yoga Bar's Parent, Explained
ITC paid about ₹645 crore on September 28, 2026 for the last 52.5% of Yoga Bar's parent, Sproutlife Foods, ending a three-year staged buyout.
7 min read
Business Acquisition Blog
Insights, guides, and practical advice for buying and running a business in India
FundraisingLegal
The Private Placement Memorandum (PPM) for Indian Acquisitions: What First-Time Fund Managers & Searchers Must Disclose
There is no single "PPM" in India. Depending on your vehicle it is a Companies Act offer letter or a SEBI-filed placement memorandum. Here is what each requires, and what first-time searchers must disclose.
13 min read
Due DiligenceTax
The Section 79 Trap: Why Buying 51%+ Equity Wipes Out Tax Losses
Buying majority control of a closely held Indian company can instantly wipe out its accumulated business losses under Section 79 of the Income Tax Act. Here's the continuity test, what actually survives, and the narrow exceptions.
7 min read
Due DiligenceLegal
What Actually Happens to the Lease When the Business You're Buying Doesn't Own Its Building
Most Indian SME leases you'll encounter in diligence were never registered, which can mean the "ten-year lease" you're counting on is legally just a month-to-month tenancy.
12 min read
Letter of IntentLegal
Why the Seller's Non-Compete Clause in Your LOI Might Not Actually Hold Up in Court
Most non-compete clauses in Indian LOIs are drafted like American ones, and India's law on restraint of trade is stricter than almost anyone drafting these clauses realizes.
9 min read
Post-AcquisitionIntegration
What a Successful First 100 Days Looks Like After an Indian Acquisition
A composite, week-by-week walkthrough of what a well-run Indian SME acquisition transition actually looks like in practice, built from the patterns that separate a smooth handover from a damaged one.
9 min read
Acquisition FinancingBuyer Playbook
How Much Money Do You Actually Need to Buy a Small Business in India?
A realistic, numbers-based look at how much of your own money you actually need to acquire a small business in India, and why the answer is more than most first-time buyers expect.
12 min read
Due DiligenceTax
The TDS History You Inherit When You Buy an Indian Company
Buying an Indian company's shares means inheriting its full TDS compliance history under the same TAN, including defaults nobody in the room knew about. Here's exactly what transfers and how to check for it.
9 min read
ValuationDue Diligence
How to Value a Small Business in India
How Indian SMEs actually get valued, and the tax law that sets a real price floor on both sides of the deal regardless of what buyer and seller agree.
12 min read
Post-AcquisitionIntegration
The First 100 Days After Buying a Business in India
What actually needs to happen in the first 100 days after an Indian SME acquisition — statutory filings, employee continuity law, and why the American integration playbook doesn't transfer.
9 min read
Due DiligenceLegal
Due Diligence Red Flags Specific to Indian SMEs
The due diligence checks generic templates miss in India — GST mismatches, family payroll, MSME payment liabilities, and land the company doesn't actually own.
11 min read
Selling a BusinessValuation
How to Sell Your Business in India, and What Buyers Actually Look At
A practical guide for Indian business owners considering a sale: how the process works, what your business is worth, and what buyers actually examine.
10 min read
Deal SourcingMCA Data
How to Build an Acquisition Target List Using MCA and ZaubaCorp Data
A step-by-step tutorial for building a filtered acquisition target list from India's public corporate records, using the MCA V3 portal and ZaubaCorp.
10 min read
Letter of IntentDeal Structure
What Is an LOI and What Should It Contain in an Indian Deal?
What a letter of intent does in an Indian acquisition, whether it's legally binding, and the fourteen items your LOI should cover before diligence begins.
10 min read
Acquisition FinancingSearch Funds
How to Find Acquisition Capital in India
Where acquisition capital in India actually comes from, what investors underwrite before they read your plan, and the work you must finish before your first investor conversation.
12 min read
Deal SourcingCold Outreach
Why Indian Business Owners Respond to Letters and Cold Calls, Not LinkedIn & Emails
Indian promoters ignore acquisition emails and LinkedIn messages but engage with letters and phone calls. Three structural reasons, and how to use them.
10 min read
Deal SourcingOff-Market Acquisitions
How to Source Business Acquisition Deals in India Using Physical Letters
A practical guide to sourcing off-market acquisitions in India through direct mail. Lead lists, letterhead, personalisation, mail merge, postage costs, and realistic response benchmarks.
15 min read
M&A IndiaIT Services M&A
Coforge's $2.35B Encora Acquisition, Explained: How an Indian IT Firm Bought Its Way to AI Scale
Yes — Coforge is paying $2.35B (~₹20,445 crore) entirely in its own stock for Encora, the largest ER&D acquisition ever by an Indian IT firm. Deal structure, valuation multiple, and what it signals for the sector.
16 min read
M&A IndiaEdTech M&A
UpGrad's ₹1,955 Crore Acquisition of Unacademy, Explained
Yes — UpGrad acquired Unacademy for ₹1,955 crore (~$204M) in an all-stock deal, 30% below the valuation it walked away from six months earlier. Here's why, and what changes for both companies.
9 min read
M&A IndiaDeal Structure
BillDesk's Worldline India Acquisition, Explained: The Seller Who Didn't Really Leave
BillDesk paid ~€60M for Worldline's India payments business — but Worldline kept its engineering centres and a long-term tech licence. Here's the structure behind the number, and who actually walked away with what.
11 min read
NRI AcquisitionFEMA Compliance
Can an NRI Buy a Business in India? FEMA Rules for Acquiring an Existing Company
Can an NRI buy an existing business in India? The FEMA route, pricing rules, payment channels, and repatriation for NRIs acquiring an Indian SME, explained plainly.
12 min read
Search FundsETA
Search Funds in India: How Entrepreneurship Through Acquisition Works
Search funds are a proven model in the US — does entrepreneurship through acquisition actually work in India? The numbers, what's structurally different here, and how to get started.
14 min read
EarnoutsDeal Structure
How Earnout Structures Actually Work in Indian Business Acquisitions
How earnout structures actually work in Indian acquisitions — the metrics buyers pick, how disputes get resolved, and the tax treatment question nobody has a clean answer to yet.
14 min read
Buy-Side AdvisoryDeal Sourcing
How to Buy a Business in India: The Buy-Side Advisory Playbook
A complete guide to buying a business in India — deal sourcing, valuation, due diligence, and off-market acquisitions. For PE firms, family offices, and search fund buyers.
10 min read
Due DiligenceBuying Guide
Due Diligence Checklist for Buying a Business in India
A comprehensive checklist covering financial, legal, operational, and tax due diligence when acquiring a small business in India.
6 min read
mumbaismall business
5 Businesses You Can Buy in Mumbai Under ₹25 Lakhs
5 real, profitable businesses for sale in Mumbai right now under ₹25 lakhs — cafes, e-commerce stores, service businesses — with actual asking prices, not generic estimates.
7 min read
negotiationdeal making
How to Negotiate the Price of a Business in India
Proven negotiation tactics for buying businesses in India. How to make offers, handle counteroffers, use leverage, and close deals at fair prices.
8 min read
deal sourcingoff-market
How to Find Off-Market Business Deals in India
The best businesses never hit public listings. Learn how to source off-market deals in India through brokers, direct outreach, and relationship building.
8 min read
acquisition costsstamp duty
The Real Cost of Buying a Business in India (Hidden Fees Explained)
Complete breakdown of all costs involved in buying a business in India. Legal fees, stamp duty, due diligence, registration charges, and hidden expenses buyers miss.
9 min read
seller financingdeal structure
What is Seller Financing and How Does it Work in India?
Complete guide to seller financing for business acquisitions in India. How it works, typical terms, negotiation tactics, legal structure, and when sellers agree to it.
9 min read
marketplacessmergers
SMERGERS vs IndiaBizForSale: Which Marketplace is Better?
Detailed comparison of India's two biggest business-for-sale marketplaces. Listing quality, pricing, deal flow, and which platform suits different buyers.
8 min read