Fintechs firming up fresh fund flows
India’s fintech sector is seeing renewed dealmaking momentum after a protracted funding winter and regulatory interventions on unsecured lending. Several startups are now in talks with venture capital funds to raise money for expansion after policy clarity on payments and lending, multiple industry sources told ET.
Furthermore, highly successful recent public listings of Pine Labs and Groww have strengthened exit prospects for risk investors in the Indian market, boosting the confidence for early-stage firms. ET reported on November 10 that the Groww IPO had quickened dealmaking in the wealth-tech segment, with several mid-stage startups now in discussions for sizeable fundraises.
Furthermore, highly successful recent public listings of Pine Labs and Groww have strengthened exit prospects for risk investors in the Indian market, boosting the confidence for early-stage firms. ET reported on November 10 that the Groww IPO had quickened dealmaking in the wealth-tech segment, with several mid-stage startups now in discussions for sizeable fundraises.
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