India’s fintech industry has drawn large investment attention in the quickly changing banking and finance landscape, spurring entrepreneurship and changing the way traditional banking and financial services are provided. An array of allied investors have risen as of last year in 2023, encouraging employment and expanding the business ahead. These ten leading investors exhibit a strong eye for sporting promising forms and disruptive innovation that redefine how transactions, payments, loans and wealth administration operate.
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These investors play a critical role in determining the course of India’s fintech environment, feeling both its expansion and boosting its level of global attractiveness through strategic alliances and fund infusions. The identities of these powerful financiers are considered in this blog, along with information on their financial backgrounds and their roles in India’s financial technology transformation.
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Most Popular Fintech Investors in India in 2024
Here is the list of the Top Fintech Investors in India in 2024
1. Accel
One of the first outside investors to recognise the potential in the Indian startup landscape was Accel, a US-based company. In 2005 after gaining control of the USD 10 million initial stage fund known as the Erasmic Venture Fund, entrepreneurs began investing in India. The fund was later renamed Accel India. Since entering India, it has launched a total of 7 resources that have made investments in a variety of industries, including fintech.
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It was the initial investor in several fintech businesses, including Drip Capital, Samunnati and Nimble. The portfolio of businesses owned by Accel in India has marked a total worth of over USD 100 billion in 2017. As well as in addition to fintech, the venture capital company has supported notable businesses that were already in India like Flipkart, Upgrade, and Jugnu amongst others.
2. Better Capital
Better capital, which was established by Vaibhav Domkundwar in 2016, invests in the beginning software firms that, in the opinion of the investment company, are concentrated on resolving significant issues. Since its founding, better capital has made investments in more than 200 Indian businesses, with a collective worth of more than $ 7 billion. The company lists companies like Zepto and Darwinbox in its portfolio and claims to have a 700-person investment base.
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The venture capital investor has established himself as one of the most active supporters of Indian fintech businesses. By injecting cash into the fintech startup Khatabox in 2017, It began its investment adventure. Since then, it has added some of the greatest fintech names in the nation to its portfolios.
3. Let’s Venture
Mohan and Sanjay Jha founded the Angel network Let's Venture in 2013, and it primarily focuses on the initial stage organisations with potential. With a base of 19,530 investors, the system claimed to have completed 950 investments in total, and its portfolio is worth more than USD 11 billion.
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This investing channel is independent of industry. CRED received the venture capital firm's initial significant investment in 2015. After investing money in nascent fintech companies like BharatX, Legal Pay and others, it then increased its fintech investments.
4. Omidyar Network
The fund, an Indian affiliate of the international impact investing company Omidyar Network, has primarily staked its money in early-stage entrepreneurs there. According to sources, the fund has so far invested more than USD 500 million in startups in India, among them, companies like Byju’s and Ninjacart are included.
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Omidyar Network is India’s first significant investment in the syntax phase was made in a then relatively unknown business called CRED in 2016. It has additionally made investments in well-known fintech companies like Groww, Pine Labs, Indifi and others.
5. Orios Venture Partners
Indian venture Finance Company Orios venture partners were established in 2013. The venture capital firm, which was founded by Alok Mittal and Rakesh Malhotra, focuses on Industries like fintech, care and consumer internet etc. Many of the venture capital firms' prior bets have done well, especially those in the fintech industry with an estimated capital of almost USD 250 million.
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Fintech behemoths like BharatPe and Policybazaar were successfully sold off by Orio's venture partners which held a stake in them. It presently invests out of its third firm, which it will launch in 2021 and has companies like City cash in its holdings.
6. Prime Venture Capital
Amit Somani, Bala Parthasarathy, and Shripati Acharya founded Bangalore-based prime venture group in 2011. The early-stage investor is well known for supporting Indian financial businesses that are aiming for global success. The venture capital operation has 44 startups in its holdings with average ticket sizes between $500 K and $ 3 million.
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In the past, prime venture partners have distinguished themselves from their competitors, particularly for certain high-profile fintech exits, such as Recko, Happay and Ezetap, among more. Although the business is now making investments from its fourth fund, it has already made numerous major investments in the fintech sector, including deals with companies like OTOCapital, Niyo and Freo.
7. Stride Ventures
Stride Ventures is a Startup debt fund established in New Delhi that provides new-age digital businesses with comprehensive financing solutions and mentorship. It was launched by Preet Gandhi in 2019. The fund, run by former bankers, claims to have so far raised USD 314.1 million in capital.
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It also says to have made investments in 100 businesses so far in 15 different industries like fintech, d2c and EV etc. It has so far invested money in a variety of It has so far invested money in a variety of Fintech startups such as Castle, periods, Spinny etc are just a few of the Fintech companies in its collections.
8. Tiger Global
Tiger Global has established itself as one of the largest and most prominent fintech investments in the Indian startup industry since the crossover fund first entered the country in the year 2007. Tiger Global, which is essentially stage neutral, focuses on the organisation in the series through pre-IPO stages.
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It has so far supported significant participants in the Indian fintech industry, including phone pe and Bharat pe. The investing company took part in Phonepe’s USD 100 million funding round earlier this year.
9. Titan Capital
The co-founders of Snapdeal, Kunal Bahl and Rohit Bansal, founded Titan Capital in 2019. So far, it has attracted more than USD 10 billion from more than 100 institutional investors. More than 200 businesses from a variety of industries including d2c, SaaS and fintech are represented in its holdings.
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Titan Capital has so far made investments in 26 businesses like Jupiter, stable money, and khata book are among those that fall under this category.
10. Venture Catalysts
Dr Aproova Ranjan Sharma, Anil Jain and Gaurav Jain formed venture catalysts in 2015. Since its creation, the venture capital business has backed 200 firms, among them Zepto and Darwinbox. It made its initial investment in the Indian fintech market in 2016 when it took part in a photobook $2 million funding round. Names like BharatPe, Junio, home capital, and vested finance are just a few of its many significant investments in the Indian fintech industry.
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One of the most outstanding prominent young stage entrepreneurs in the nation, Venture Catalyst has over 100 minicorns and over 33 Soonicorns in its collections. According to the business, 54 startups have made a profit of more than USD 15 million in the valuation of this year.
Conclusion
The top 10 investors, who have shown an excellent knowledge of the sector's potential, have significantly altered the fintech scene in India. These investors have sparked innovation, advanced the evolution of technology, and enabled greater financial inclusion through smart investments and partnerships. The contribution of these significant actors will have a lasting effect as India moves forward on its part to becoming a global fintech hub, fostering an atmosphere favorable for further growth, disruption, and constructive shift in the area of financial technology.
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This was our selection of the Top 10 Fintech Investors in India in 2024. We hope this is useful to you. The order of this list is random.