Active Mandates
8
↑ 2 this month
Buyers Identified
347
↑ 94 this week
NDAs Executed
23
18% conversion
CIMs Distributed
11
↑ 3 active reads
Active Mandates
Click to open deal room
Project Helix
In Process
SaaS · $12M ARR · Pune, India
Buyer outreach: 42 sent · 11 replied
Project Atlas
NDA Stage
IT Services · $8M Rev · Bengaluru
NDAs: 7 sent · 4 signed
Project Ember
CIM Stage
FinTech · $22M ARR · Mumbai
CIM opens: 14 · Avg. 8 min read
Live Intent Signals
AI-detected buyer engagement
✦ AI
Infosys BPO
Re-opened CIM 3x today · 14 min on financials
Advent International
Requested NDA — Project Atlas
Blackstone Growth
NDA signed · Ready for CIM — Project Ember
Wipro Ventures
Opened teaser · No reply in 6 days
KKR India
IOI deadline in 3 days — no response yet
Comparable Transactions · AI-surfaced
Recent closed deals relevant to active mandates
✦ AI
| Target | Acquirer | Sector | EV (USD) | EV/Rev | Close Date | Relevance |
|---|---|---|---|---|---|---|
| DataBridge Solutions | Accenture | IT Services | $94M | 3.2x | Dec 2024 | Project Helix |
| PayEdge India | KKR | FinTech | $210M | 9.5x | Nov 2024 | Project Ember |
| CloudNxt | Insight Partners | SaaS | $78M | 6.5x | Oct 2024 | Project Atlas |
All Mandates
8 active sell-side mandates across 4 sectors
| Mandate | Sector | Revenue | Geography | Buyers | Stage | TAM |
|---|---|---|---|---|---|---|
Project Helix SaaS · Full exit |
Enterprise SaaS | $12M ARR | India / SEA | 142 buyers | Outreach | $4.2B |
Project Atlas IT Services · Majority |
IT Services | $8M Rev | India | 87 buyers | NDA Stage | $1.8B |
Project Ember FinTech · Full exit |
Payments / FinTech | $22M ARR | India / ME | 64 buyers | CIM Stage | $9.1B |
Project Nimbus DevOps SaaS · Full exit |
DevOps / Cloud | $5M ARR | Global | Processing | Intake | — |
Buyer Universe · Project Helix
142 buyers identified · AI synergy-scored · 3 tiers
✦ AI Scored
Total Buyer TAM
$4.2B
Addressable buyer pool
Strategic Buyers
89
62% of universe
PE / Growth Equity
38
27% of universe
Cross-border
15
US, EU, SEA focus
All Buyers (142)
Tier 1 (28)
Tier 2 (61)
Tier 3 (53)
| Buyer | Type | HQ | Tier | Synergy Score | Synergy Rationale | Status | Actions |
|---|---|---|---|---|---|---|---|
Infosys BPO infosys.com |
Strategic | Bengaluru | T1 | Product overlap, cross-sell to 200+ BFSI clients | Outreach Sent | ✉ 👁 |
|
Blackstone Growth blackstone.com |
PE | Mumbai / NY | T1 | Portfolio fit, India tech thesis, $3B dry powder | NDA Signed | 📄 👁 |
|
Zensar Technologies zensar.com |
Strategic | Pune | T1 | Geo expansion, shared manufacturing clients | Replied | ✉ 👁 |
|
Advent International adventinternational.com |
PE | Boston / Mumbai | T2 | SaaS thesis, active India mandate | NDA Requested | 📋 👁 |
|
Wipro Ventures wiproventures.com |
CVC | Bengaluru | T2 | CVC mandate, enterprise SaaS adjacency | Teaser Opened | ✉ 👁 |
|
HCLTech M&A hcltech.com |
Strategic | Noida | T3 | Partial product fit, different ICP | No Response | ✉ ✕ |
Outreach Automation
AI-personalised multi-touch sequences · Project Helix
✦ AI Drafts
Emails Sent
42
Open Rate
68%
↑ Benchmark 35%
Reply Rate
26%
NDA Requests
7
Sequence — Infosys BPO
✦ AI
✓
Day 0 · Initial Outreach
Blind profile + acquisition rationale. Opened ✓
✓
Day 5 · Follow-up
Value-add insight on SaaS comps. Replied ✓
3
Day 12 · NDA Invite
Scheduled for tomorrow · AI draft ready
4
Day 20 · CIM Teaser
Pending NDA execution
AI Draft Preview
✦ AI Generated
To: Rajesh Menon, Corp Dev Head · Infosys BPO
Subject: Confidential — Strategic Opportunity in Enterprise SaaS
Dear Rajesh,
Following our initial exchange, I wanted to share a brief note on why we believe Project Helix warrants a closer look from Infosys BPO's corporate development team.
The company's BFSI client concentration aligns directly with your enterprise services footprint — representing an estimated ₹180Cr in cross-sell opportunity in Year 1 alone.
I'd be glad to schedule a confidential call at your convenience.
Following our initial exchange, I wanted to share a brief note on why we believe Project Helix warrants a closer look from Infosys BPO's corporate development team.
The company's BFSI client concentration aligns directly with your enterprise services footprint — representing an estimated ₹180Cr in cross-sell opportunity in Year 1 alone.
I'd be glad to schedule a confidential call at your convenience.
NDA & Consent Tracker
All mandates · Seller consent + buyer NDA status
NDAs Sent
31
Executed
23
74% execution rate
Pending Signature
5
Seller Consents
8/8
100% consent coverage
All (31)
Signed (23)
Pending (5)
Declined (3)
| Buyer | Mandate | Sent | E-sign Status | CIM Access | Audit |
|---|---|---|---|---|---|
| Blackstone Growth | Project Ember | Jan 14, 2025 | ✓ Signed | Unlocked | View Log |
| KKR India | Project Helix | Jan 18, 2025 | ✓ Signed | Unlocked | View Log |
| Advent International | Project Helix | Jan 20, 2025 | ⏳ Awaiting | Locked | Remind |
| Infosys BPO | Project Helix | Jan 21, 2025 | ⏳ Awaiting | Locked | Remind |
| HCLTech M&A | Project Atlas | Jan 10, 2025 | ✕ Declined | N/A | View Log |
CIM Builder · Project Ember
AI-assisted · 7 sections · Last edited 2h ago
✦ AI Draft
✓
Executive Summary
▼
Project Ember is a Mumbai-based B2B payments infrastructure company with $22M ARR, growing 68% YoY. The company serves 400+ enterprise merchants across BFSI, retail, and logistics. Its proprietary reconciliation engine processes $2.1B in annual payment volumes with 99.97% uptime. The business is profitable at EBITDA level with negative churn of -8%.
✓
Investment Highlights
▶
Proprietary reconciliation IP, negative churn, $2.1B volume processing, 400+ enterprise clients, RBI-compliant architecture.
~
Financial Summary
▶
Revenue: $22M ARR (+68% YoY). Gross Margin: 74%. EBITDA: $3.8M. Net Revenue Retention: 142%.
~
Market Opportunity
▶
India B2B payments market: $9.1B by 2027. Enterprise segment growing 42% CAGR. Regulatory tailwind from UPI for business mandates.
○
Management Team
▶
Awaiting banker input. AI can pre-fill from LinkedIn data.
○
Transaction Structure
▶
Full exit. 100% stake. Founders seeking 12-month earnout with 2-year advisory.
Distribution Log
| Buyer | Sent | Views | Avg Time |
|---|---|---|---|
| Blackstone | Jan 20 | 4 | 14m |
| KKR India | Jan 21 | 2 | 9m |
| Advent Intl | Jan 22 | 1 | 4m |
AI Actions
✦ AI
Deal Pipeline · All Mandates
Kanban view across all active sell-side processes
Outreach3
Project Helix → Wipro
T2 Buyer
Project Helix → HCL
T3 Buyer
Project Nimbus → SAP
T1 Buyer
NDA Sent4
Project Helix → Advent
T2 Buyer
Project Helix → Infosys
T1 Buyer
Project Atlas → IDFC
T1 Buyer
Project Ember → TPG
T2 Buyer
NDA Signed5
Project Helix → KKR
T1 Buyer
Project Ember → Blackstone
T1 Buyer
Project Atlas → Zensar
T2 Buyer
IOI Received2
Project Ember → Blackstone
Hot
Project Atlas → HDFC PE
T1 Buyer
LOI / Exclusivity1
Project Atlas → Zensar
Advanced
Transaction Intelligence
AI-surfaced market signals, comps, and deal alerts
✦ AI Monitoring
Comparable Transactions
| Target | Acquirer | EV | Multiple | Mandate |
|---|---|---|---|---|
| DataBridge | Accenture | $94M | 3.2x Rev | Helix |
| PayEdge India | KKR | $210M | 9.5x Rev | Ember |
| CloudNxt | Insight | $78M | 6.5x Rev | Atlas |
| ReconcileAI | Razorpay | $55M | 8.2x Rev | Ember |
AI Alerts · Next Actions
✦ AI
IOI deadline in 3 days
KKR India · Project Helix · No response yet
Blackstone opened CIM 3x this week
Suggest scheduling management call · Project Ember
New comp closed: FinPay acquired by Temasek
$180M · 8.2x Rev · Update Ember valuation thesis?
Exclusivity period ends Feb 10
Project Atlas · Zensar LOI · 18 days remaining
Valuation Benchmarking · Project Ember (FinTech / Payments)
✦ AI
Median EV/Rev
8.8x
Comparable set
Implied EV Range
$176–220M
Based on $22M ARR
IOI Received
$190–210M
Within range ✓
Upside if re-run
+14%
With 2 new comps