Fintech, SaaS dominate secondary deals frequency in 2023: Private Circle.

January 23, 2024
1 min read

Total startup funding dropped 62% year-on-year in 2023, with Rs 67,000 crore raised through the year, according to market intelligence firm Private Circle. Fintech and software-as-a-service (SaaS) sectors saw the highest number of funding transactions in 2023. Private Circle evaluated 117 startups that have been valued at $500 million or above in the last three years. It has tracked a total of 252 secondary deals for these 117 startups since 2021. However, the total startup funding dropped 62% year-over-year in 2023, with Rs 67,000 crore raised through the year against Rs 1,80,000 crore in 2022 and Rs 2,42,000 crore in 2021, the report noted. The number of deals in 2023 fell 72% in 2023 compared to previous years. Primary funding rounds stood at 1,444 deals in 2023 as compared to 5,000 odd deals in 2022, the report added.

Previous Story

NJCPA taps Tondi to lead Finance & Administration.

Next Story

Binance Judge Puts Exchange in Hot Seat on SEC Case.