Indian SaaS Exits: Acquisition Patterns Over IPO Fantasy
Indian SaaS companies are exiting via acquisition, not IPO. Between 2018-2024, 127 acquisitions occurred versus zero IPOs. The acquisition discount to US multiples persists because India still lacks public SaaS benchmarks.
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Amit Tyagi
Founder, AletheiaAI & GP, Fitoor Capital
Veteran of India's startup ecosystem. Writing about fundraising, investor psychology, and what it takes to build fundable startups in India.
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