Nasscom claims – Fintech startups received the highest investment in the first quarter

Highlights

$6 billion invested in Indian startups in the first quarter.
Fintech companies accounted for about 26 per cent of the total investments during the first quarter.
Sequoia Capital, Tiger Global, Alpha Wave and Accel have more than 6 deals across different sectors.

New Delhi. Led by venture capital firms Sequoia Capital and Tiger Global, $6 billion (Rs 47,870 crore) was invested in various Indian startups during April-June, of which the largest investment was financial. Technology ie Fintech has happened in the sector. Industry body Nasscom has said this in a report.

About 26 percent investment in the share of fintech companies
According to the report, fintech companies accounted for 26 per cent of total investments during the quarter, 19 per cent in media and entertainment, 16 per cent in enterprise tech, 9 per cent in retail tech, 8 per cent in edtech and healthtech. 5 percent investment came.

Also read- Gujarat and Karnataka top in providing a better environment for startups, see DPIIT’s ranking

Sequoia Capital, Tiger Global, Alpha Wave and Accel inked more than 6 deals
The report said that Sequoia Capital, Tiger Global, Alpha Wave and Accel had more than 6 deals in different sectors. Of Tiger Global’s total investments, 40 per cent were in the fintech sector and 20 per cent in the enterprise technology sector. Sequoia Capital invested about 25 percent in enterprise technology and 20 percent in fintech.

Also read- The path of Unicorn is getting difficult due to the fall in the rupee, how and how much is the strength of the dollar affecting, who will suffer?

Only 4 Startups Become Unicorns in April-June Quarter
In the April-June quarter, only 4 startups became unicorns – neobanking firm Open, SaaS platform LeadSquared, edtech startup Physicswala and online beauty product platform Purple. According to the report, 16 unicorns were made in the last January-March quarter. In April-June 2022, investment in Indian technology startups fell by about 17 percent to $ 6 billion.

Tags: Fintech market, Indian startups, Startup Idea

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