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

Current Context: The Indian Startups Deal Report 2023 was released on 24th January, 2024 by PrivateCircle Research.

• 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.

Question:

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