India, Jan. 15 -- 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 a...