Fintech sector witnesses 33% fall in funding at $1.9 billion in 2024
1 day, 1 hour ago

Fintech sector witnesses 33% fall in funding at $1.9 billion in 2024

New Indian Express  

BENGALURU: Though the country’s fintech ecosystem is considered one of the top three globally funded sectors in 2024, after the US and the UK, it managed to raise only $1.9 billion in 2024, which is a 33% drop compared to $2.8 billion secured in 2023 and a 66% decline from $5.6 billion raised in 2022, according to data shared by market intelligence platform Tracxn. The funding landscape in 2024 saw a significant shift, with only three $100 million-plus funding rounds recorded, marking a 50% decline from the six such rounds in 2023. Some of the notable deals in 2024 included DMI Finance’s $334 million funding led by MUFG, and Credit Saison’s, an online marketplace for consumer and business loans, $144 million in a Series D funding round. Late-stage funding amounted to $1.1 billion, marking a 42% reduction compared to $1.9 billion raised in 2023 and a 65% decline from $3.1 billion in 2022.

Funding Fintech 2024 Billion 2023 Million Raised Sector Witnesses  fintech  19  rounds  fall  funding  decline  million  raised  33  2024  sector  witnesses  ipos  billion  2023

History of this topic

Startup funding recovers to $14.44 bn in 2024
1 week, 4 days ago

Startup funding recovers to $14.44 bn in 2024

Deccan Chronicle  

Chennai: Funding in the startup ecosystem recovered to $14.44 billion in 2024 from $11.3 billion in the previous year. Indian startups raised a total of $14.44 billion across 1,337 deals in 2024 against $11.3 billion in 2023. In 2024, startups saw the lowest funding of $719.42 million in January and highest of $1.92 billion in June. Health tech secured 120 …

Fintech’s new fuel: Venture debt takes centrestage amid a funding crunch
2 weeks, 2 days ago

Fintech’s new fuel: Venture debt takes centrestage amid a funding crunch

Live Mint  

As venture capital investments into India’s financial technology sector plunged this year amid stringent regulatory oversight, fintech companies found another funding source become more readily available: venture debt. Consumer startups followed, raising $459 million in venture debt across 55 rounds this year, marking a 10% growth from the $416.4 million of venture debt they raised in 2023. Sharma said credit …

India’s IPO market zoomed to $11.2 billion in 2024, set for record growth next year too, says report
2 weeks, 3 days ago

India’s IPO market zoomed to $11.2 billion in 2024, set for record growth next year too, says report

Live Mint  

India's initial public offering market reached a “historic milestone” as it doubled proceeds from $5.5 billion in 2023 to $11.2 billion in 2024, as per the Global Data report. “India's IPO market hit a bull run in 2024, with proceeds skyrocketing to $11.2 billion — more than doubling the $5.5 billion raised in 2023. Big Successes on List in 2024 …

IPO in India hits landmark as investments soar, record Rs 1.6 lakh crore raised in 2024
3 weeks, 3 days ago

IPO in India hits landmark as investments soar, record Rs 1.6 lakh crore raised in 2024

India TV News  

As investors show confidence in investing, fundraising via IPOs in India hit another landmark in 2024 as economic growth, favourable market conditions and improvements in the regulatory framework helped companies raise a record Rs 1.6 lakh crore. Companies with large, mid, and small capitalisations tapped into the IPO route with an average issue size rising significantly from Rs 867 crore …

2024 Sees Record IPO Fundraising of Rs 1.8 Lakh Crore
3 weeks, 4 days ago

2024 Sees Record IPO Fundraising of Rs 1.8 Lakh Crore

Deccan Chronicle  

Chennai: Calendar year 2024 was a blockbuster year for the market as a record high Rs 1.8 lakh crore was raised through 317 Initial Public Offerings and Follow-on Public Offerings surpassing the previous record of Rs 1.3 lakh crore set in 2021. Against 2023, when 242 companies raised a total capital of Rs 57,600 crore, 2024 saw highest number of …

India’s IPO fundraising set for landmark year 2024: S&P Global Market Intelligence
1 month ago

India’s IPO fundraising set for landmark year 2024: S&P Global Market Intelligence

Live Mint  

New Delhi, December 8 Fundraising via initial public offerings in India is set for another landmark year this 2024, asserted S&P Global Market Intelligence in a report. The listed companies raised a combined ₹1.4 trillion rupees, according to data compiled by S&P Global Market Intelligence. The IPO count this year grew over 22 per cent from 243 in 2023, while …

VC funding in start-ups rises to $6.53 bn, PEs invest $4.69 bn in January-November
1 month, 1 week ago

VC funding in start-ups rises to $6.53 bn, PEs invest $4.69 bn in January-November

New Indian Express  

Meanwhile, private equity funding in start-ups stood at $4.69 billion in January-November 2024, compared to $4.59 billion in 2023 and $14.95 billion in 2022 during the same period. Zepto raised $665 million in June and in August, it raised $340 million, and these were the top two funding rounds in 2024 so far. Late-stage funding remains cautious, with constrained valuations.” …

Indian Startups Secure Record Funding in October, But Funding Slumps
2 months, 1 week ago

Indian Startups Secure Record Funding in October, But Funding Slumps

Deccan Chronicle  

Indian startups attracted funding of Rs 1.2 billion in October, indicating a rebound from the funding winter. However, funding was subdued both on a year-on-year and sequential basis. Fintech, e-commerce, and education startups led the funding activity, with Bengaluru and Mumbai-based startups playing a significant role.

Start-up funding falls 7% to $7.6 billion in January-September
3 months, 3 weeks ago

Start-up funding falls 7% to $7.6 billion in January-September

New Indian Express  

NEW DELHI: Indian start-ups have secured only $7.6 billion in funding in the last nine months, marking a 7% decline from $8.2 billion in 2023 and a 66% fall from $22.4 billion funding in 2022. The retail sector managed to attract $1.95 billion in funding so far this year, and this is a 23% increase from 2023 but a 61% …

Govt taking various measures at policy level to help fintech sector: Modi
4 months, 2 weeks ago

Govt taking various measures at policy level to help fintech sector: Modi

Deccan Chronicle  

Mumbai: Prime Minister Narendra Modi on Friday said the government is taking various measures at the policy level to promote the fintech sector, which attracted over USD 31 billion investments in the last 10 years, and the abolition of the Angel Tax is also a step towards the growth of the segment. Addressing the Global Fintech Fest 2024 here, the …

Space-tech start-ups raise $10.8 million funding in January-July period of 2024
5 months, 2 weeks ago

Space-tech start-ups raise $10.8 million funding in January-July period of 2024

New Indian Express  

BENGALURU: After witnessing a record funding of $126 million in 2023, space tech start-ups in the country have seen $10.8 million funding so far in 2024. India, which is home to more than 100 space tech start-ups, has not yet seen any late-stage funding in the last two to three years. Bengaluru-based start-ups have contributed to over 55% of the …

India's space tech sector grew 235% in 2 Years, secured $126 million in 2023
5 months, 2 weeks ago

India's space tech sector grew 235% in 2 Years, secured $126 million in 2023

India Today  

India’s space tech sector is set for significant growth, driven by substantial government investment and strategic initiatives. According to Tracxn’s Space Tech Geo Report 2024, India’s growing Space Tech sector witnessed record-breaking funding of $126 million in 2023, a 7% increase from the $118 million raised in 2022 and a 235% increase from $37.6 million in 2021. Despite a global …

Indian Tech Startups Raise $4.1 Billion In First Half Of 2024, Secure 4th Place Globally: Study
6 months, 3 weeks ago

Indian Tech Startups Raise $4.1 Billion In First Half Of 2024, Secure 4th Place Globally: Study

ABP News  

Indian tech start-ups secured $4.1 billion in funding in the first half of 2024, a 4 per cent increase from $3.96 billion in the second half of 2023. According to Tracxn, a market intelligence platform, India ranks as the fourth-highest funded country globally in the tech startup landscape, with the US, UK, and China leading in overall funding volumes. Seed-stage …

Fintech startup funding up by 48% in Q1 2024; raising $429 million between January-March 15: Report
9 months, 2 weeks ago

Fintech startup funding up by 48% in Q1 2024; raising $429 million between January-March 15: Report

Live Mint  

Funding winter in India's tech startup ecosystem persisted between January- March 15 this year, with only $1.6 billion injected--a 51% decline, according to Tracxn report. The tech startups received $3.2 billion of funding in the same period last year. Only two tech startups received $100 million of funding in the past three months of the current calendar year-Perfios and Shadowfax. …

Fintech Start-Ups See Fewer Incorporation In 2023, Survey By Growthpal Reveals
10 months, 3 weeks ago

Fintech Start-Ups See Fewer Incorporation In 2023, Survey By Growthpal Reveals

ABP News  

Fewer fintech start-ups got incorporated in India in 2023, a survey revealed. The survey by Growthpal, a mergers and acquisitions deal sourcing platform, found that the number of fintech start-ups that got incorporated in India in 2023 stood 72.6 per cent lower than 2021 and 55.55 per cent lower than 2022. However, the subsequent introduction of new regulations and compliance …

Indian space industry's meteoric rise in 2023 sets stage for stellar 2024
1 year ago

Indian space industry's meteoric rise in 2023 sets stage for stellar 2024

India Today  

2023 was a marvelous year for the Indian Space Industry with the successful launch of Chandrayaan-3 and the Aditya-L1, India’s first solar mission. Indian space startups have become a strong pillar for the private space industry in the last decade, especially after the landmark decision to open the Indian space sector to private companies by Prime Minister Narendra Modi in …

Indian startup funding shrinks by 73% in 2023. What model companies can adopt now?
1 year, 1 month ago

Indian startup funding shrinks by 73% in 2023. What model companies can adopt now?

Live Mint  

Indian startups have reported around 73% decline in funding this year as compared to 2022. In India, startup funding has declined to a five-year low figure in 2023 — $7 billion as compared to $25 billion received in the previous year, a nearly 73% decline from funding recorded in 2022 amid a worsening global macroeconomic environment tossed by geopolitical tensions. …

Venture Capital funding in India plunges over by 67% during Jan-Oct this year
1 year, 1 month ago

Venture Capital funding in India plunges over by 67% during Jan-Oct this year

Live Mint  

India witnessed a decrease in venture capital funding deals, with a total of 920 deals announced during January-October 2023. India holds a significant position in the Asia-Pacific market and is closely ranked after China in terms of both volume and value of venture capital funding deals. According to GlobalData's Financial Deals Database, India witnessed several venture capital funding rounds exceeding …

Driven By SME IPOs, India Leads Global IPO Chart With 80 Listings Till June 2023: Report
1 year, 5 months ago

Driven By SME IPOs, India Leads Global IPO Chart With 80 Listings Till June 2023: Report

ABP News  

Defying global trends, the stock exchanges of India have topped global rankings in terms of the number of initial public offers. As per a report by Ernst and Young, the BSE and the NSE have jointly listed 80 firms till June 2023, which is 33 per cent higher than the 60 IPOs floated a year back. "Defying the global downward …

Indian FinTech startups raise $1.2 billion in first quarter of 2023: report
1 year, 9 months ago

Indian FinTech startups raise $1.2 billion in first quarter of 2023: report

The Hindu  

FinTech startups in the country attracted investments worth $1.2 billion in during the first quarter of 2023, 55% lower than $2.6 billion raised in the first quarter of 2022. The sector recorded late-stage investments of $977 million in the first three months of 2023, a spike of 325% when compared to Q4 2022 but a drop of 44% from Q1 …

Startups in India see 75% drop in funding; check details
1 year, 9 months ago

Startups in India see 75% drop in funding; check details

Live Mint  

The startup ecosystem in India saw a considerable decline in investment in the first quarter of 2023 when compared to the same period in 2018, according to the latest "Tracxn Geo Quarterly Report: India Tech - Q1 2023". According to the research, startup companies in India raised $2.8 billion in total in the first quarter of 2023, down 75% from …

No funding winter, funding always waiting to see more innovative startups: Nirmala Sitharaman to Network18
1 year, 11 months ago

No funding winter, funding always waiting to see more innovative startups: Nirmala Sitharaman to Network18

Firstpost  

Finance Minister Nirmala Sitharaman said, ‘The major push for startups happened in 2016 when the honourable Prime Minister announced a policy. And subsequently year after year giving concessions’ New Delhi: Union Finance Minister Nirmala Sitharaman on Friday said that funds are waiting to see more innovative startups from India and assured that there is no scarcity of funding. In an …

Budget 2023-24 Expectation: Boost liquidity flow to fintech and smaller NBFCs
1 year, 11 months ago

Budget 2023-24 Expectation: Boost liquidity flow to fintech and smaller NBFCs

Firstpost  

The new-age technology has fuelled the fintech industry’s rapid growth and expansion in recent years. Using the current user base to distribute new financial products and broadening the addressable market from digital to ‘phygital’ is likely to bring about the necessary business model modifications for a relatively mature and durable fintech industry. Flexible corporate laws needed The industry anticipates the …

Budget 2023: What Fintech companies expect from Modi govt
1 year, 11 months ago

Budget 2023: What Fintech companies expect from Modi govt

India TV News  

Budget 2023: The Fintech sector has been a frontrunner for the growth of the India's financial industry. The sector is rightfully portrayed as a vital constituent for supporting Indian government’s efforts for financial inclusion and digital India, and a bridge to reach the $5 trillion economy target by 2025. With the upcoming Union Budget 2023-24, the timing has been ideal …

Budget 2023: Fintech Industry Eyes More Clarity On Existing Regulations, Streamlining Process For Obtaining Licenses
2 years ago

Budget 2023: Fintech Industry Eyes More Clarity On Existing Regulations, Streamlining Process For Obtaining Licenses

ABP News  

The fintech industry has experienced tremendous growth in recent years, and it is expected to continue to play a significant role in the financial sector in the coming years. More Investments Opportunities: Another expectation is for the government to invest in infrastructure and new technologies such as artificial intelligence, blockchain, and machine learning that will support the growth of the …

Fundraising Via IPO Nearly Halves To Rs 59,412 Crore In 2022; 35% By LIC Alone: Prime Database
2 years ago

Fundraising Via IPO Nearly Halves To Rs 59,412 Crore In 2022; 35% By LIC Alone: Prime Database

News 18  

A total of 40 Indian companies raised Rs 59,412 crore through main board IPOs in the calendar year 2022, which is half of the Rs 1,18,723 crore mobilised by 63 IPOs in 2021, according to data from primary market tracking firm Prime Database. Out of the total fundraising via IPO in 2022, about Rs 20,557 crore or a huge 35 …

Budget 2023: Fintech Industry Expects Govt Push For Smaller NBFCs Working In Tier-2, Tier-3 Cities
2 years ago

Budget 2023: Fintech Industry Expects Govt Push For Smaller NBFCs Working In Tier-2, Tier-3 Cities

ABP News  

Fintech is no longer considered a trend. Leaders in the fintech industry are already submitting their wish lists to Finance Minister Nirmala Sitharaman, as the new Union Budget for 2023 is much closer. According to the sources, in the last pre-Budget meeting, the finance minister met with experts in the fintech industry to seek their opinions on their expectations for …

IPO fundraising in India halves in 2022; 40 firms raised Rs 59,412 cr
2 years ago

IPO fundraising in India halves in 2022; 40 firms raised Rs 59,412 cr

Business Standard  

Forty Indian corporates raised Rs 59,412 crore through main board IPOs in calendar year 2022, half of the Rs 1,18,723 crore mobilised by 63 IPOs in 2021, according to PRIME Database, India's premier database on the primary capital market. According to Pranav Haldea, Managing Director, PRIME Database Group, Rs 20,557 crore or a huge 35 per cent of the amount …

Fintech In 2022: A Defining Year For Digital Lenders; Untapped Segments See Growth Potential In 2023
2 years ago

Fintech In 2022: A Defining Year For Digital Lenders; Untapped Segments See Growth Potential In 2023

News 18  

The Indian economy has seen a recovery in the year 2022 after a two-year hit by the coronavirus waves in 2020 and 2021. Currently, about 40 per cent of payments by value are digital, contributing to a $3 trillion digital payment market on account of rapid expansion in digital infrastructure, UPI-led migration to digital, pandemic-led acceleration of shift in customer …

Fintech 2.0 in 2023: Can India unlock next level
2 years, 2 months ago

Fintech 2.0 in 2023: Can India unlock next level

Firstpost  

The FinTech industry has grown exponentially, and the wave of changes brought in by fintech has profoundly impacted financial inclusion and penetration. It has also been beneficial since a country like India caters to a large population, so it requires advanced technology FinTech has become such an integral part of the financial services ecosystem over the past few years, that …

IPO Fundraising Declines 32% During April-September 2022; Check Details
2 years, 3 months ago

IPO Fundraising Declines 32% During April-September 2022; Check Details

News 18  

Fundraising Via IPOs In April-September 2022: A total of 14 Indian companies raised Rs 35,456 crore through mainboard initial public offerings in the first half of 2022-23, which is 32 per cent lower than the Rs 51,979 crore raised through 25 IPOs in the corresponding period last year, according to data from PRIME Database. “Overall public equity fundraising also dropped …

There Is A Fintech Revolution Happening In India, And These Are The Factors Driving The Industry
2 years, 3 months ago

There Is A Fintech Revolution Happening In India, And These Are The Factors Driving The Industry

ABP News  

India has the highest adoption rate of any country in the world when it comes to financial technology, and this has ushered in a new age for the sector. Fintech's meteoric rise can be attributed to a confluence of factors, including technological advancements, altering social mores, and a regulatory climate that encourages innovation. The India stack and other forms of …

Indian FinTech market to reach $1 trillion by 2030, says CEA
2 years, 3 months ago

Indian FinTech market to reach $1 trillion by 2030, says CEA

The Hindu  

“India is among the fastest growing fintech markets in the world with a market size of $31 billion in 2021 that is expected to reach $1 trillion by 2030,” said V. Anantha Nageswaran, Chief Economic Advisor of India, Ministry of Finance, Government of India. “The next wave in the fintech sector could be the cash flow lending to MSMEs using …

We are well placed to let fintech lead the success of Digital India
2 years, 5 months ago

We are well placed to let fintech lead the success of Digital India

Live Mint  

From a 6.6% contraction in 2020-21, the Indian economy recorded a sharp rebound of 8.7% growth in 2021-22, by provisional estimates. The Niti Aayog report, India’s Booming Gig and Platform Economy, has underscored the role of fintech and a regulatory sandbox regime in helping India achieve its $5 trillion target. Broadly, the fintech sector is regulated under five regulations: the …

India’s fintech ecosystem restores people’s faith in democracy: MoS IT
2 years, 5 months ago

India’s fintech ecosystem restores people’s faith in democracy: MoS IT

Live Mint  

India’s fintech ecosystem has helped the nation in rebuilding the trust between the government and citizens, transforming lives and restoring people’s faith in democracy, said Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar. The minister highlighted the expansion of startups and digital ecosystem in India on the closing day of the FinTech Festival India in New Delhi …

Fintech has helped plug corruption, leaks in financial disbursements: Minister
2 years, 5 months ago

Fintech has helped plug corruption, leaks in financial disbursements: Minister

Live Mint  

BENGALURU: India’s fintech ecosystem has helped rebuild the trust between the citizens and the government, transform lives and restore faith in democracy, said Rajeev Chandrasekhar, Union minister of state for electronics and information technology, on Friday. But today, there is no leak or scope for corruption as the beneficiaries get their amounts due straight in their Jan Dhan accounts and …

Startup Funding Declines 33% Quarterly To $6.9 billion During April-June 2022
2 years, 6 months ago

Startup Funding Declines 33% Quarterly To $6.9 billion During April-June 2022

News 18  

Indian startups raised $6.9 billion in 409 funding rounds during April-June 2022, which was down by 33 per cent as compared with $10.3 billion mopped up in the previous quarter. Through this report, we aim to give industry stakeholders key insights into the ecosystem that would help in business decision making backed by extensive market intelligence and thorough research and …

IPO fundraising at highest ever in 2021-22
2 years, 9 months ago

IPO fundraising at highest ever in 2021-22

India TV News  

Highlights Total 52 Indian corporates raised an all-time high Rs 1.11L crore through main board IPOs in 2021-22 The 2021-22 IPO amount was over 3.5 times Rs 31,268 cr raised through 30 IPOs in 2020-21 The previous best year was 2017-18 in which Rs 81,553 crore was raised A total of 52 Indian corporates raised an all-time high Rs 1.11 …

Union Budget 2022: Fintech Industry Eyes Greater Credit Access To MSMEs
2 years, 11 months ago

Union Budget 2022: Fintech Industry Eyes Greater Credit Access To MSMEs

ABP News  

New Delhi: As Finance Minister Nirmala Sitharaman will be presenting the Union Budget 2022 on February 1, the Indian fintech industry is eyeing more opportunities and allocations, while simultaneously vying to soften the blows from the Covid-19 pandemic. Here are some of the expectations of the fintech industry from the Union Budget: Dilip Modi, founder, Spice Money The fintech industry …

Budget 2022: Fintech Firms Seek Tax Relief For Ease of Lending, Digital Transformation
2 years, 11 months ago

Budget 2022: Fintech Firms Seek Tax Relief For Ease of Lending, Digital Transformation

News 18  

Budget 2022 Expectations: As the Budget day nears, fintech companies in India are placing forth their expectations from the government. It goes without saying that with the access and usage of financial platforms online, the benefit has reached users irrespective of geographies, time and socio-economic boundaries,” said Zafar Imam, CEO of Finshell, on Budget 2022. Highlighting the need for game-changing …

Union Budget 2022-23: Here's what fintech sector wants govt to focus on
2 years, 11 months ago

Union Budget 2022-23: Here's what fintech sector wants govt to focus on

India Today  

New-age fintech firms have seen tremendous growth in India over the past couple of years despite the Covid-19 pandemic, but there are some challenges that sector wants the government to address in the upcoming Union Budget 2022-23. KEY EXPECTATIONS S Anand, CEO and co-founder of PaySprint, said, “The Union Budget 2022-23 must strengthen digital infrastructure which would eventually help digitizing …

IPO Rush: Offerings To See Healthy Response In 2022; Pricing Key Concern
3 years ago

IPO Rush: Offerings To See Healthy Response In 2022; Pricing Key Concern

ABP News  

Mumbai: India's primary market is set to see a "healthy but cautious" response from investors in 2022, analysts said. It includes one of the biggest IPOs in India — that of LIC, followed by NSE, expected to come by early next year," said Sneha Podar, AVP Research, Broking & Distribution, MOFSL. Infact this segment — new age digital firms — …

IPOs in 2022: List of public issues in pipeline for early next year
3 years ago

IPOs in 2022: List of public issues in pipeline for early next year

Live Mint  

The record fundraising spree is expected continue in the new year as more companies seek to launch their share sales after 2021 turned out to be the best year for public issues in two decades for the Indian market. Many new-age digital players are Unicorns like Delhivery, Droom, MobiKwik, Oyo, Pharmeasy, Ixigo, BYJU'S, Foxconn India's unit Bharat FIH Ltd are …

IPOs in 2021 beat three-year total
3 years ago

IPOs in 2021 beat three-year total

Deccan Chronicle  

Mumbai: The year 2021 has been highly productive for the primary market with 63 initial public offerings that also broke the record for India's largest IPO, with Paytm's parent company One 97 Communications raising Rs 18,500 crore. Technology-enabled companies Zomato, Nykaa, Paytm, Policy Bazaar hit the market in the second half of 2021, raising larger amounts than other IPOs. According …

‘Fintech is India’s growth enabler’
3 years, 8 months ago

‘Fintech is India’s growth enabler’

Live Mint  

Financial technology, or fintech, enables a nation’s growth as it allows access to goods and services that are otherwise not available to everyone, said Munish Varma, managing partner, SoftBank Vision Fund, at Mint’s India Investment Summit 2021. If India can bring more such services into the formal banking/lending system using companies such as Paytm, the country will grow more,” he …

'High Momentum': India Records 22 IPOs Worth Over $2.5 Billion in January-March Period
3 years, 8 months ago

'High Momentum': India Records 22 IPOs Worth Over $2.5 Billion in January-March Period

News 18  

India witnessed 22 initial public offers worth over $2.5 billion in the first three months of 2021 amid “high momentum” in the country’s capital markets and the trend is likely to stay bullish in the current quarter also, according to a report. “With a robust Q1, IPO market likely to stay bullish in Q2 2021,” it said, adding that India …

IPO fundraising in India at 13-year high
3 years, 9 months ago

IPO fundraising in India at 13-year high

Live Mint  

Indian fundraising via IPOs is at a 13-year high as a flood of foreign money and unprecedented interest from mom-and-pop investors spur more listings, making India one of the hottest IPO markets in 2021. India's IPO proceeds this year India's IPO proceeds this year India's IPO proceeds in 2020 India's IPO proceeds in 2020 Heavy foreign investor flows into shares, …

Fintech players get $2.7 billion from VC funds in 2020: Report
3 years, 10 months ago

Fintech players get $2.7 billion from VC funds in 2020: Report

Live Mint  

Despite the pandemic-induced disruptions, venture capital funds pumped $2.7 billion into domestic fintech companies in 2020, the second-highest fund infusion into the sector since 2019 when it had peaked at $3.5 billion, according to a report. The biggest investments were into Bengaluru-based payments firm Navi Technologies at $397.9 million from angel funds, Noida-based Pine Labs attracted $300 million from private …

India adds 1600 tech startups in 2020: Nasscom
3 years, 10 months ago

India adds 1600 tech startups in 2020: Nasscom

Live Mint  

India added more than 1,600 tech startups in 2020, making it the third-largest tech startup hub in the world, industry body Nasscom said in its Strategic Review 2021 titled ‘New World: The Future is Virtual’. Indian tech contributed about 8% relative share to the national gross domestic product, despite headwinds in 2020, with 52% relative share in services exports and …

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