<?xml version="1.0" encoding="UTF-8"?>
<urlset
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  xmlns:image="http://www.google.com/schemas/sitemap-image/1.1">

  <url>
    <loc>https://www.kautilya-pe.com/</loc>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/opengraph-image</image:loc>
      <image:title>Kautilya | Buy-Side M&amp;A Advisory</image:title>
      <image:caption>Kautilya builds proprietary acquisition pipelines for PE, VC, and family office buyers.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/icon.svg</image:loc>
      <image:title>Kautilya Logo</image:title>
      <image:caption>Official logo of Kautilya, buy-side M&amp;A advisory firm based in Mumbai, India.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.kautilya-pe.com/portfolio</loc>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/portfolio-logos/inspire3.png</image:loc>
      <image:title>Inspire3 — $1.8M Digital Wellness Portfolio</image:title>
      <image:caption>Full forensic due diligence on a $1.8M digital wellness portfolio — 30,134 transactions audited across 19 websites in under 15 days.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/portfolio-logos/borderless.png</image:loc>
      <image:title>Borderless — UK Immigration Advisory</image:title>
      <image:caption>Kautilya built a proprietary deal pipeline in the UK immigration advisory market where almost no businesses are formally listed for sale.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/portfolio-logos/dino-games.jpeg</image:loc>
      <image:title>Dino Games — $39K Mobile Game Acquisition</image:title>
      <image:caption>Off-market acquisition of a cash-flow-positive mobile game with 8 million installs. Closed in 8 weeks.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/portfolio-logos/runify.png</image:loc>
      <image:title>Runify — $110K Mobile App Acquisition</image:title>
      <image:caption>Mobile app acquisition structured with only $20K deployed at close. Remaining $90K tied to verified performance milestones.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.kautilya-pe.com/team</loc>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/aum.jpg</image:loc>
      <image:title>Aum Thakarkar — Chief Analyst, Kautilya</image:title>
      <image:caption>Aum Thakarkar leads research and analysis across the firm, delivering high-conviction insights on markets and acquisition opportunities.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/aditya.jpeg</image:loc>
      <image:title>Aditya Negi — Tech Support, Kautilya</image:title>
      <image:caption>Aditya Negi provides technical assistance and ensures smooth operation of systems for clients and internal teams at Kautilya.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/darshana.jpg</image:loc>
      <image:title>Darshana Yadav — Analyst, Kautilya</image:title>
      <image:caption>Darshana Yadav supports deal origination with comprehensive sector screening and data aggregation.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.kautilya-pe.com/stories</loc>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/blogs/edition-200k.jpeg</image:loc>
      <image:title>How We Closed $200K Worth of Deals in 6 Months</image:title>
      <image:caption>Five advisory deals, an eleven-person team, and the shift from buying to advising.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/blogs/edition-acquire.jpeg</image:loc>
      <image:title>My Morning Routine Is Looking at Acquire.com for 30 Minutes</image:title>
      <image:caption>Five practical strategies for filtering quality deals from marketplace noise.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/blogs/edition-college.jpeg</image:loc>
      <image:title>10 Reasons Why Now Is the Best Time to Start a Business in College</image:title>
      <image:caption>Reduced startup costs, AI tools, and a generation-wide shift toward entrepreneurship.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/blogs/edition-thisisbiz.jpeg</image:loc>
      <image:title>How to Find Diamonds in the Rough</image:title>
      <image:caption>The best acquisitions are businesses that previous owners failed to monetize.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/blogs/edition-zero.jpeg</image:loc>
      <image:title>Edition Zero: How This Is Bizness Began</image:title>
      <image:caption>The origin story of a weekly newsletter built around buying small businesses.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.kautilya-pe.com/stories/borderless</loc>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/portfolio-logos/borderless.png</image:loc>
      <image:title>Borderless — UK Immigration M&amp;A</image:title>
      <image:caption>Deal advisory in UK immigration advisory sector.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/borderless/exhausting-market.png</image:loc>
      <image:title>UK Immigration Advisory Market Analysis</image:title>
      <image:caption>Market mapping showing the exhausting search for acquisition targets in UK immigration advisory.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/borderless/maket-no-deals.png</image:loc>
      <image:title>UK Immigration Market — No Deals Available</image:title>
      <image:caption>Analysis showing the lack of formally listed businesses in UK immigration advisory.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/borderless/money-annualised.png</image:loc>
      <image:title>Annualised Revenue Pipeline — Borderless</image:title>
      <image:caption>Annualised revenue pipeline generated through Kautilya&apos;s proprietary outreach in UK immigration advisory.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.kautilya-pe.com/stories/200k-deals</loc>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/blogs/edition-200k.jpeg</image:loc>
      <image:title>Closing $200K in Deals</image:title>
      <image:caption>How Kautilya closed $200K worth of advisory deals in 6 months.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/200k/architecture.png</image:loc>
      <image:title>Deal Architecture — $200K Portfolio</image:title>
      <image:caption>Architecture of five advisory deals closed in six months.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/200k/five-deals.png</image:loc>
      <image:title>Five Advisory Deals — Kautilya</image:title>
      <image:caption>Summary of five deals closed by Kautilya&apos;s advisory practice.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/200k/hidden-channel.png</image:loc>
      <image:title>Hidden Deal Sourcing Channels</image:title>
      <image:caption>Off-market channels used to source advisory deals.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.kautilya-pe.com/stories/deal-sourcing</loc>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/blogs/edition-acquire.jpeg</image:loc>
      <image:title>Deal Sourcing on Acquire.com</image:title>
      <image:caption>Five practical strategies for filtering quality deals from marketplace noise.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/deal-sourcing/crm.png</image:loc>
      <image:title>Deal Sourcing CRM</image:title>
      <image:caption>CRM setup for tracking acquisition targets and outreach.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/deal-sourcing/discipline.png</image:loc>
      <image:title>Deal Sourcing Discipline</image:title>
      <image:caption>The systematic approach to daily deal review and outreach.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/deal-sourcing/morning.png</image:loc>
      <image:title>Morning Deal Review Routine</image:title>
      <image:caption>Daily routine for reviewing deals on Acquire.com.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/deal-sourcing/thousand.png</image:loc>
      <image:title>Reviewing 1000 Deals</image:title>
      <image:caption>What reviewing 1,000+ deals teaches you about quality filtering.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.kautilya-pe.com/stories/diamonds</loc>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/blogs/edition-thisisbiz.jpeg</image:loc>
      <image:title>Finding Diamonds in the Rough</image:title>
      <image:caption>The best acquisitions are businesses previous owners failed to monetize.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/diamonds/uncut.png</image:loc>
      <image:title>Uncut Diamond — Hidden Business Value</image:title>
      <image:caption>Identifying undermonetized businesses with acquisition potential.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/diamonds/zeroto.png</image:loc>
      <image:title>Zero to Value — Monetization Gap</image:title>
      <image:caption>How to spot and close the monetization gap in acquisition targets.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.kautilya-pe.com/stories/search-funds</loc>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/search-fund/evol_of_search_fund.png</image:loc>
      <image:title>Evolution of the Search Fund Model</image:title>
      <image:caption>How the Stanford search fund model evolved into a distinct asset class.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/search-fund/explaining_gap.png</image:loc>
      <image:title>The Search Fund Gap</image:title>
      <image:caption>Understanding the valuation gap in search fund acquisitions.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/search-fund/how_search_source_deal.png</image:loc>
      <image:title>How Search Funds Source Deals</image:title>
      <image:caption>Proprietary deal sourcing methodology used by search fund operators.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/search-fund/when_2walk_away.png</image:loc>
      <image:title>When to Walk Away from a Deal</image:title>
      <image:caption>Red flags and criteria for walking away from an acquisition.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/search-fund/solo_vs_partnered.png</image:loc>
      <image:title>Solo vs Partnered Search Fund</image:title>
      <image:caption>Comparing solo and partnered search fund structures.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.kautilya-pe.com/stories/smartprompt</loc>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/smart-prompt/300.png</image:loc>
      <image:title>SmartPrompt — 300 Deals Evaluated</image:title>
      <image:caption>300 opportunities evaluated before closing SmartPrompt.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/smart-prompt/discount.png</image:loc>
      <image:title>SmartPrompt — 200x Discount to Market</image:title>
      <image:caption>GPT-native education platform acquired at a 200x discount to market comparables.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/smart-prompt/kill.png</image:loc>
      <image:title>SmartPrompt — Two Deals Killed</image:title>
      <image:caption>Two deals were killed mid-diligence before the right asset was found.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.kautilya-pe.com/stories/sourcely</loc>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/sourcely/logo_sourcely.png</image:loc>
      <image:title>Sourcely — AI Student Tool</image:title>
      <image:caption>Sourcely: AI student tool acquired for $4K with $500 MRR, grown to $4.5K MRR in five months.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/sourcely/essay.png</image:loc>
      <image:title>Sourcely Essay Feature</image:title>
      <image:caption>Essay writing feature of Sourcely AI student tool.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/sourcely/twitter.png</image:loc>
      <image:title>Sourcely Twitter Growth</image:title>
      <image:caption>Social media growth of Sourcely after acquisition.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.kautilya-pe.com/stories/edition-zero</loc>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/blogs/edition-zero.jpeg</image:loc>
      <image:title>Edition Zero — This Is Bizness Origin</image:title>
      <image:caption>The origin story of This Is Bizness newsletter and Kautilya.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/edition-zero/conviction.png</image:loc>
      <image:title>Conviction in Acquisition Entrepreneurship</image:title>
      <image:caption>The conviction required to pursue acquisition entrepreneurship full-time.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/edition-zero/zero.png</image:loc>
      <image:title>Starting from Zero</image:title>
      <image:caption>Starting an acquisition fund from zero capital and building from first principles.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.kautilya-pe.com/stories/pocket-fund</loc>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/pocket-fund/100k.png</image:loc>
      <image:title>Pocket Fund — $100K Target</image:title>
      <image:caption>The $100K acquisition target for the student-led Pocket Fund.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/pocket-fund/cycle.png</image:loc>
      <image:title>Acquisition Cycle — Pocket Fund</image:title>
      <image:caption>The buy-operate-sell cycle that powers the Pocket Fund model.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/pocket-fund/search.png</image:loc>
      <image:title>Search Process — Pocket Fund</image:title>
      <image:caption>How Pocket Fund searches for and evaluates acquisition targets.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.kautilya-pe.com/stories/college-startups</loc>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/blogs/edition-college.jpeg</image:loc>
      <image:title>College Startups — Best Time to Build</image:title>
      <image:caption>Ten reasons why now is the best time to start a business in college.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/college-startups/best-time-build.png</image:loc>
      <image:title>Why Now Is the Best Time</image:title>
      <image:caption>Data showing why college is the optimal time to start a business.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/college-startups/start-now.png</image:loc>
      <image:title>Start Now — College Entrepreneur</image:title>
      <image:caption>The case for starting immediately rather than waiting for the right moment.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/college-startups/ten-jobs.png</image:loc>
      <image:title>Ten Jobs AI Will Replace</image:title>
      <image:caption>How AI is changing the job market and why entrepreneurship is the answer.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.kautilya-pe.com/stories/pocket-deals</loc>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/stories/micro-saas/bigpurpose.png</image:loc>
      <image:title>Pocket Deals — Micro-SaaS for Autism Support</image:title>
      <image:caption>Breaking down a niche iOS app listed at $15,000 targeting the autism support market.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.kautilya-pe.com/stories/inspire3</loc>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/portfolio-logos/inspire3.png</image:loc>
      <image:title>Inspire3 — Digital Wellness Portfolio</image:title>
      <image:caption>Full forensic due diligence on a $1.8M digital wellness portfolio — 19 websites, 30,134 transactions audited.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.kautilya-pe.com/stories/dino-games</loc>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/portfolio-logos/dino-games.jpeg</image:loc>
      <image:title>Dino Games — Mobile Game Acquisition</image:title>
      <image:caption>Off-market acquisition of a cash-flow-positive mobile game with 8 million installs.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.kautilya-pe.com/stories/runify</loc>
    <image:image>
      <image:loc>https://www.kautilya-pe.com/images/portfolio-logos/runify.png</image:loc>
      <image:title>Runify — Mobile App Acquisition</image:title>
      <image:caption>A $110K mobile app deal where the buyer only had to put $20K in cash at closing.</image:caption>
    </image:image>
  </url>
</urlset>