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Fintech Dominates Secondary Transactions in 2023 and 2022, Followed by SaaS and E-commerce Peaks in 2021: Report

OutlookIndiaOutlookIndia · 8m
Fintech Dominates Secondary Transactions in 2023 and 2022, Followed by SaaS and E-commerce Peaks in 2021: Report

According to PrivateCircle's Indian Start-Ups Deal Report 2023, Fintech and SaaS witnessed the highest number of secondary transactions in both 2023 and 2022 in India. The report tracked 117 start-ups valued at $500 million or more and found that Fintech consistently provided exits to investors, while SaaS showed resilience in this aspect as well. The report also highlighted a drop in start-up funding, with a 62% decrease in primary funding in 2023 compared to the previous year. Despite the slowdown, venture capital funds have sufficient capital for investments, and activity is expected to pick up later in the year. Lenskart raised the largest funding round of $500 million.

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