Investcorp India Acquisition Corp was formed to facilitate various strategic business combinations, such as mergers, share swaps, asset acquisitions, or corporate reorganizations, with one or more companies. The firm's main objective is to finalize such a transaction with an enterprise primarily located in India, focusing on sectors including consumer goods, finance, technology (both traditional and tech-enabled), healthcare, and media. Established in 2021, the company was initially known as Investcorp Acquisition Corp before officially changing its name to Investcorp India Acquisition Corp in January 2022.