June 2026
United States & India
Novistra Capital advises NextGen Invent on its acquisition by Straive
Acquired by
A portfolio company of
Client
NextGen Invent
Deal Type
Sell-Side M&A
Deal Team
Ash Mittel
Managing Director
Radima Khatataeva
Associate Director
Saurabh Shirke
Senior Associate
Client Description
NextGen Invent is a leading provider of data and AI engineering services, with offices in New York (USA) and Noida (India). With deep domain expertise across Pharma, Healthcare & Lifesciences, and Manufacturing & Supply Chain verticals, NextGen Invent enables data-led transformation through modern data architecture and AI engineering.
The firm delivers measurable business impact at the intersection of scalable data platforms, cloud modernization, and domain-driven expertise. NextGen Invent is known for its forward-deployed engineering model, agile delivery, and a highly collaborative approach that places engineering excellence close to client challenges and outcomes.
Approach
Novistra Capital served as the exclusive sell-side advisor to NextGen Invent. The process positioned NGI as a specialized Data & AI engineering partner with a proven ability to operationalize AI at scale, while also highlighting its deep domain specialization within Healthcare, Life Sciences, Manufacturing and Logistics. The market outreach targeted strategic acquirers and financial investors seeking to strengthen AI execution capabilities, accelerate enterprise adoption, and enhance their ability to deliver measurable business outcomes through domain-led engineering excellence.
Outcome
The acquisition strengthens Straive’s Data & AI operationalization capabilities while providing NextGen Invent with a larger global platform to scale its engineering expertise. Together, the combined organization offers expanded capabilities across Generative AI, Agentic AI, data engineering, cloud modernization, and industry-specific AI solutions, enabling clients to accelerate enterprise AI adoption and drive measurable business impact.
“ Novistra was far more than our investment banker, they became a trusted advisor and true partner throughout this journey. Their unwavering integrity, extraordinary commitment, and hands-on guidance were instrumental in helping us successfully navigate this transformational process and achieve a desired outcome for NextGen Invent.”
Deepak Mittal
Founder & CEO, NextGen Invent
Press Releases
June, 2026
Novistra Capital advises NextGen Invent on its acquisition by Straive, a portfolio company of EQT
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