Confluentia Advisors has been founded to address the gap of trusted relationship-based M&A and PE advisory services in the across sectors.
The founding team has been in leadership positions and scaled up some of the most successful financial services companies in India including Avendus and YES Bank.
Deep relationship-based approach to transactions to create crafted solutions for entrepreneurs and families and keeping in mind business and growth considerations post transaction.
Global network of relationships and professional boutique investment banks to bring international strategic perspective to transactions.
Confluentia Advisors leverages its strong research and network-based knowledge approach to provide strategic and financial advisory services focused on maximizing shareholder Value.
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Finance Services
HR Tech
April 2019
Kwench is a market leader in the employee recognition space in India, and O.C. Tanner is the world's largest recognition company serving thousands of the most respected companies globally.
O.C. Tanner Acquires India-based Employee Recognition Company Kwench. Kwench works with more than 500 companies across 63 countries.
"We've enjoyed tremendous success with our O.C. Tanner India team," said Dave Petersen, CEO of O.C. Tanner.
"We are truly excited to join the O.C. Tanner family," said Sunder Nookala, CEO of Kwench.
Strategic & Financial Advisory
Travel Technology
April 30, 2019
MakeMyTrip's corporate travel platform is aimed at SMEs, and Quest2Travel's cloud-based enterprise software is targeted at large companies with complex hierarchy and compliance requirements.
MakeMyTrip Limited (NASDAQ: MMYT) has acquired a majority shareholding interest in Mumbai based Quest 2 Travel.com India Private Limited (Q2T).
Deep Kalra, Founder & Group CEO of MakeMyTrip, stated that the investment will help extend service offerings to large corporates.
Abhay Rangnekar, Founder and CEO of Q2T, said that the partnership combines leadership in corporate travel with the leader in non-corporate travel.
Strategic & Financial Advisory
Retail Technology / ERP / SaaS
Up to $10 Million
Ginesys has 20,000+ users across retail and distribution clients including Manyavar, Biba, House of Anita Dongre, V-Mart, Soch, and Bazaar Kolkata.
Ginesys raises up to $10 million from Marathon Edge. With over 20,000 users, Ginesys is the established leader in POS and ERP.
"With our partnership with Marathon Edge, we now have substantial financial means to invest in technology and make strategic acquisitions." said Prashant Lohia, CEO of Ginesys.
Strategic Advisory
IT Service
Undisclosed
DMI is a leading provider of digital services and technology solutions, headquartered in Tysons Corner, VA. Focused on end-to-end managed IT services including cloud, cybersecurity, network operations, and application development.
Encora, headquartered in Santa Clara, California, is a leading global digital engineering services firm backed by Advent and Warburg Pincus. With over 9,500 employees across 40+ offices worldwide.
"This acquisition will accelerate Encora's commitment to delivering industry specific Cloud, Data and AI engineering services," said Anand Birje, CEO, Encora.
Strategic Advisory
IT Service
Undisclosed
Softelligence enables organizations in Financial Services to accelerate growth with InsurTech through Automation, AI and Machine Learning. Expertise in claims automation, fraud detection, and digital lending.
Encora, headquartered in Santa Clara, California, is a leading global digital engineering services firm backed by Advent and Warburg Pincus. With over 9,500 employees across 40+ offices worldwide.
"Softelligence is expected to greatly expand our global reach," said Anand Birje, CEO, Encora.
Strategic Advisory
IT Service
Undisclosed
Excellarate is a global technology services company with over 20 years of domain expertise within health, insurance, financial, and enterprise technologies. Trusted partner of over 250 clients.
Encora, headquartered in Santa Clara, California, is a leading global digital engineering services firm backed by Advent and Warburg Pincus. With over 9,000 employees across 40+ offices worldwide.
"Excellarate has a long history serving fast-growing clients in HealthTech, FinTech, and InsurTech," said Venu Raghavan, CEO, Encora.
Strategic Advisory
IT Service
Undisclosed
Daitan is a Brazilian software engineering services firm with deep expertise in AI, data engineering, cloud, and product development. Serves clients globally from delivery centers in Brazil.
Encora, headquartered in Santa Clara, California, backed by Advent and Warburg Pincus. With over 9,000 employees across 40+ offices worldwide.
"Adding Daitan's depth of services broadens our LATAM footprint with top-tier talent in Brazil." said Venu Raghavan, CEO, Encora.
Strategic Advisory
IT Service
Undisclosed
Avantica Technologies is a leading nearshore software development company headquartered in Silicon Valley with engineering centers in Costa Rica, Peru, Bolivia, and Colombia.
Encora (then Indecomm Digital Services), headquartered in Santa Clara, California, backed by Advent and Warburg Pincus.
"Avantica has an excellent track record in delivering partner-centric software engineering services." said Venu Raghavan, CEO, Encora.
PE
SaaS
$10 Million
Ginesys's PoS and ERP platform supports over 20,000 users. Since 2006, affordable suite of PoS and ERP services across India. Clientele includes Manyavar, Biba, House of Anita Dongre, V-Mart, Soch, and Bazaar Kolkata.
Marathon Edge is a financial investor focused on Indian technology, consumer, and healthcare services companies.
Prashant Lohia, founder & CEO of Ginesys: "With our partnership with Marathon Edge, we now have substantial financial means to invest in technology and make strategic acquisitions."
Series A Fundraise
Logistics Tech / SaaS
$7 Million
February 8, 2022
GoComet is a vertical SaaS platform providing multi-modal logistics solutions to SMEs and global enterprises. Leveraging AI and machine learning to cut costs. Serves customers across 35 countries with over 150 global brands.
The $7 million Series A round was led by Rider Global and Atlas Ventures, with participation from Jetty Ventures, Rebright Partners, Leo Capital, and Krishna Capital.
Gautam Prem Jain, CEO & Co-Founder: "We are thrilled to have investors who believe in GoComet's ability to develop competitive supply chain technology solutions."
Strategic Acquisition
HR Tech / Employee Recognition SaaS
Undisclosed
April 2019
Kwench is an India-based recognition company delivering SaaS-based employee recognition and rewards solutions.
O.C. Tanner is a global leader in employee recognition and workplace culture with offices in Mumbai and Hyderabad.
Dave Petersen, CEO: "The addition of the Kwench team and technology will combine the strengths of two market leaders."
Sunder Nookala, CEO of Kwench: "We are truly excited to join the O.C. Tanner family."
M&A
SaaS
Undisclosed
April 2019
Quest2Travel (Q2T) is a corporate travel management platform serving marquee corporates including Tata Motors, Aditya Birla Group, HDFC Ergo, and the Times Group.
MakeMyTrip is India's largest online travel company. The acquisition marked MakeMyTrip's formal entry into B2B corporate travel.
Abhay Rangnekar, Founder & CEO: "This partnership combines the best in corporate travel with the leader in non-corporate travel."
Strategic Acquisition
SaaS
Undisclosed
February 2021
Fisdom is backed by PayU and operates in a partnership model to offer financial services to customers and partners.
Tax2win enables customers to plan and file income tax returns through self-serve and post-filing services.
Subramanya SV, Co-founder and CEO, Fisdom: "The acquisition of Tax2win is in line with the company's strategic goal to offer a complete suite of financial services."
PE
Tech
Undisclosed
Quest Global is an engineering services company operating for more than 25 years across 17 countries with over 83 global delivery centers and 21,000+ employees. Solutions in Aerospace & Defense, Automotive, Energy, Hi-Tech, MedTech, Rail, and Semiconductors.
True North is a private equity and credit firm based in India. Partners with entrepreneurs across consumer, healthcare, financial services, and technology.
Ajit Prabhu, Chairman & CEO, Quest Global: "The investment by three of the most respected global investors is a testament to our ability to build and grow our business."
Prasad Thrikutam, Partner, True North: "Quest Global is one of the top five players in the pure-play ER&D space."
Strategic Advisory
Healthcare
Undisclosed
February 2025
Allwin Medical Devices, founded in 2006 by Dhiren Mehta, is a leading manufacturer of a wide range of medical devices, including Women's Health (IVF), Urology, Gastroenterology, and Interventional Radiology selling in 90+ countries via 100+ distributors. The company, headquartered in Anaheim, California, is committed to providing its customers with high-quality devices at affordable prices.
Esco Lifesciences is a global company that designs, manufactures, produces lab, pharmaceutical, bioprocess, and IVF equipment, serving 150+ countries with sustainable workflow solutions. Their product range spans laboratory and clean-air equipment (e.g. biosafety cabinets, incubators, fume hoods, laminar flow units) as well as IVF/ART (in vitro fertilization / assisted reproductive technology) devices.
The IVF consumables portfolio of Allwin Medical will expand Esco's instrument offerings, creating a complementary balance between consumables and incubators.
IVF clinicians and embryologists using Allwin's consumables or Esco's time-lapse and standard incubators will gain access to a complete ART workflow solution.
Allwin Medical's strong presence in India provides Esco with an established base in one of the fastest-growing IVF markets.
Allwin's management team brings exceptional expertise in the IVF consumables market, enhancing innovation and customer outcomes.
Dhiren Mehta, CEO of Allwin Medical, added, "By partnering with Esco, we'll better serve global IVF clinics with high-quality ART solutions. With Allwin, we All Win!"
XQ Lin, CEO of Esco, said, "Infertility impacts one in six couples. This partnership accelerates IVF innovation and supports our mission to make the world healthier, more equitable, and resilient."
Strategic Advisory
Healthcare
$8 Million
November 2025
Ace Cardiopathy is engaged in the business of wholesale distribution of medical devices and other healthcare and allied products having associations with globally renowned industry leaders like Terumo Corporation, Stryker, Boston Scientific, St Jude etc.
Entero is one of India's largest and fastest growing healthcare products distribution platform with wide operational presence across India with presence across 500 districts through physical warehouses in 44 cities.
Entero Healthcare Solutions Acquires Ace Cardiopathy Solutions to enter the medical devices distribution space, particularly in interventional cardiology products. The deal strengthens its specialty healthcare portfolio and leverages its existing distribution network to scale in high-value cardiac devices.
Strategic Advisory
Financial Services
Undisclosed
October 2025
Leading European Financial Services Group with ~$3bn market cap entered into India's general insurance sector.
