VC exits in India start-ups up 10x to $14 billion in 2021: Bain & Co

Share of VC deal value in PE-VC space above 50% for the first time: Bain & Co

Venture capital (VC) fund exits in Indian start-ups rose more than 10X to cross $14 billion in 2021 compared to the previous year, according to a report by Bain & Company.

Three marquee exits accounted for nearly 60 per cent of the total exit value — BillDesk’s acquisition by PayU for $4.7 billion, Paytm’s $2.5 billion initial public offering (IPO), and Zomato’s public market debut of $1.3 billion.

VC exits via IPOs accounted for a robust 40 per cent of the overall exit value in 2021. Secondary sales were anchored by a few large deals, the report said.

“Exit momentum peaked in 2021