Large Funding Rounds Return to Indian Startups, with Increased Focus on Secondary Sales

• Deals over $100 million making a comeback in Indian startup ecosystem after 18-month drought
• Many large rounds in 2024 feature significant secondary component alongside primary capital
• Secondary sales allow early backers to exit, offer better blended price for incoming investors
• Companies like Rebel Foods, Purplle, Meesho seeing 50-70% of rounds in secondary transactions
• Trend reflects maturing ecosystem, with investors seeking exits and startups nearing profitability

Source: Moneycontrol