Policybazaar’s Healthcare Gambit & RateGain’s $250M Move | Decoding Exits | November Edition
Blume VenturesDecember 04, 202500:14:36

Policybazaar’s Healthcare Gambit & RateGain’s $250M Move | Decoding Exits | November Edition

November 2025 was one of the strongest months yet for India’s Tech & Healthcare M&A landscape.
Karthik breaks down a surprisingly diverse mix of deals — from digital therapeutics and oncology hospitals to beauty brands and global SaaS.

This month’s highlights include:

Policybazaar’s bold push into healthcare, acquiring digital therapeutics platform Fitterfly

Omega Hospitals buying Cytecare, marking another wave of hospital consolidation

Honasa Consumer (Mamaearth) taking a 25% stake in Fang Oral, expanding their BPC portfolio

RateGain’s massive $250M all-cash acquisition of US-based Sojern — a global travel marketing platform

Why India’s public companies are increasingly using M&A as their growth engine

How conglomerate-style strategies are emerging across insurance, healthcare, beauty, and SaaS

From hospitals to healthtech to beauty and global travel SaaS, this month shows how rapidly India’s ecosystem is maturing — and how strategic M&A is becoming the default playbook.

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