MAY 202119included edtech, foodtech, gaming, and media and entertainment in consumer tech; verticalised solutions within SaaS; and payments within fintech.Consumer tech investments grew 25 percent as compared to 2019. Of all subsectors in consumer tech, Edtech emerged as the clear winner with a host of high value deals. While Byju's raised close to $1 billion through 2020, other players such as Unacademy, Eruditus, and Vedantu also raised considerable amount of investment. Additionally, Zomato's $660 million deal drove up average deal size in foodtech as compared to 2019, while large investments into Dream11 and MPL led to the surge seen in gaming. 2020 also saw the Indian SaaS ecosystem maturing. It accounted for the second highest quantum of investments after consumer tech. Average deal size grew significantly across horizontal business software ($20 million), horizontal infra software ($35 million), and vertical specific business software ($37 million).Investments in vertical specific software grew the fastest, clocking 60 percent growth over 2019, driven by $160 million deal in Zenoti. Horizontal business software also witnessed many large deals including Eightfold AI ($125 million), HighRadius ($125 million), and MindTickle ($100 million), while Postman's $150 million deal was the biggest investment in horizontal infra software.Investment in fintech continued through 2020 payments segment saw largeest deals getting closed in Razorpay, CRED, and BharatPe. Lending and insurtech also continued to dazzle through 2020. Bigger deals were seen in both lending as well as insurtech, including MoneyTap ($70 million) and Rupeek ($60 million) in lending, and PolicyBazaar ($130 million), Digit ($84 million) and Acko ($60 million) in insurtech. Expounding on the findings of the report, Ankur Bansal, Co-Founder & Director, Blacksoil, says, "The pandemic has given impetus to the digitalization of traditional business models and many talented Indian entrepreneurs have taken this as an opportunity to start innovative businesses in 2020. Sectors like fintech, consumer tech, ag-tech and SaaS are
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