Fintech attracted nearly Rupees 48000 Cr in between April and June.
- IICCI
- Jul 20, 2022
- 1 min read
The fintech industry attracted the majority of the $6 billion (about ₹47,870 crore) investments made during the quarter, according to a report by the industry association Nasscom. According to the research, fintech companies garnered around 26% of all investments made during the quarter, followed by media and entertainment (19%), business technology (16%), retail technology (9%), edtech (8%), and health technology (5%).
Venture capital firms Sequoia Capital and Tiger Global led fundraising in Indian businesses during April to June. Tiger Global and Sequoia made 60% of their investments in firms during their expansion stage.
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