SaaS leads the way
- 21 start-ups attained unicorn status in CY22. As of December 31, 2022, SaaS continued to lead with the most number of unicorns at 20, followed by FinTech at 16
- 246 M&A deals involving start-ups were executed in CY22, a 17 per cent decline compared to CY21 in terms of deal volume
- The steepest decline in funding during CY22 was witnessed in e-commerce business-to-consumer (B2C) at 71 per cent and EdTech at 54 per cent
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