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“Fintech and SaaS Lead in 2023 Indian Startup Funding Deals”

Published on January 24, 2024
Current Context: The Indian Startups Deal Report 2023 was released on 24th January, 2024 by PrivateCircle Research.
“Fintech and SaaS Lead in 2023 Indian Startup Funding Deals”
  • According to this Report, the fintech and SaaS sectors saw the highest number of funding transactions for the second straight year.
  • Fintech emerged as the winner with the highest number of secondary transactions in both 2023 and 2022.
  • SaaS (software as a service) also saw a high frequency of secondary deals in 2023 and 2022.
  • However, it’s worth noting that total startup funding dropped 62% year-on-year in 2023, with Rs 67,000 crore raised through the year.
  • The number of deals in 2023 fell 72% compared to previous years.
  • Despite the drop, these sectors demonstrated resilience and continued to provide exits to investors.


Q.1 Who released the Indian Startups Deal Report 2023?
a. Startup India
b. PrivateCircle Research
d. Ministry of Commerce & Industry, India

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