GrowthPal, a Mergers and acquisitions (M&A) matchmaking platform, has secured $2.6 Mn (INR 23.5 Cr) in a strategic round led by Ideaspring Capital with participation from other undisclosed angel investors.
The funding will be used to advance product development and expand GrowthPal’s international presence, as demand rises for more structured and efficient inorganic growth strategies.
“M&A sourcing is where most time and effort is wasted, especially for smaller and mid-market deals,” said Maneesh Bhandari, co-founder and CEO of GrowthPal. “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.”
GrowthPal was founded in 2020 by Maneesh Bhandari, Shalu Mitruka, and Amaresh Shirsat. The company has built an AI-based M&A copilot — a smart tool that helps businesses find companies they can buy or invest in.
The platform studies public company filings, website activity, and other online signals. Using this data, it finds acquisition targets that closely match what a buyer is looking for.
GrowthPal says its tool has already helped with 42 M&A deals and supported over 210 early-stage deal discussions across regions like North America, Europe, Asia, and Latin America. Its clients include big companies, mid-sized businesses, and startups, mainly in SaaS and fintech.
In the future, GrowthPal plans to add more features. These will include tools for company valuation, deal planning, and helping teams prepare for negotiations.
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