India’s tech ecosystem is growing rapidly, marked by increased deal flow and rising exit activity. While most exits were through the merger and acquisition route, in 2017, the number of exits through public listings or IPOs has shot up, according to a recent report by US-based research firm CB Insights. According to the report, the number of first exits of Indian tech companies has more than tripled from 52 in 2012 to 184 last year. Between 2015 and 2016, exit activity has remained the same, but the number of IPOs rose 1 to 4. In 2017 till date, there have been 101 exits with 10 IPOs, of which six offerings hit the market in the last two months. Among the six industries that saw the most exits since 2012,  advertising, sales and marketing industry brought in the highest number, with 37 exits in that time period. The IT solutions & software development industry came in second at 23 exits.

(DealStreet Asia)