Pune-based startup GrowthPal has raised $2.6 million in a fresh funding round led by Ideaspring Capital, with participation from a group of global angel investors.
The funding comes as the company looks to scale its AI-powered platform that helps teams find and execute M&A deals more efficiently.
Founded by Maneesh Bhandari, Shalu Mitruka, and Amaresh Shirsat, GrowthPal positions itself as an M&A copilot for corporate development teams.
Instead of relying on slow, relationship-driven deal sourcing, the platform uses data and AI to help buyers move quickly from strategy to actual deal conversations.
At a high level, GrowthPal starts by turning a buyer’s acquisition goals into a clear, structured mandate. From there, it scans signals across millions of companies globally, things like hiring trends, funding history, leadership changes, regulatory filings, and online activity.
The outcome is a curated shortlist of acquisition targets that closely match the mandate, including off-market companies that aren’t actively looking to sell.
According to the company, the platform has already supported over 42 completed M&A transactions and enabled more than 210 LOI-stage discussions across North America, Europe, Asia, and Latin America. Its customers range from large enterprises and mid-sized firms to startups and private equity-backed companies, particularly across IT services, SaaS, fintech, and software-led sectors.
GrowthPal says the fresh capital will be used to strengthen product development and expand its presence across international markets. The company also plans to go deeper into the transaction lifecycle over time, adding capabilities around valuation reasoning and deal structuring.
Behind the scenes, the platform blends agentic AI with a human-in-the-loop model, using AI to surface and score potential targets, while human analysts validate softer signals like founder intent before outreach begins. This hybrid approach, the founders believe, helps teams move faster without losing context or judgment.
