In a block transaction valued at INR 97.44 Cr, VC company Elevation Capital, formerly SAIF Partners India, sold more than 53.98 lakh shares of online travel aggregator (OTA) ixigo on June 19.
In contrast to the stock’s last closing price of 180.65 on the BSE on June 18, the investment firm, through Saif Partners India IV Limited, sold the shares at INR 180.50 per share, according to BSE data.
Schroder International Selection Fund Asian Total Return purchased 53.69 lakh shares of the shares that flooded the market at the same price, for a total of INR 96.9 Cr.
One of the largest investors in Le Travenues Technology Ltd, the parent firm of the travel technology company, is Elevation Capital. By the conclusion of the March quarter of 2025, it held a 14.02% interest in ixigo. Elevation Capital has divested its stake in the company for the second time in the past month. For INR 38.27 Cr, the venture capital firm sold over 21.5 lakh shares of ixigo in May.
ixigo Witnessing Upward Trend
Due to increased profitability and a growing top line, ixigo’s shares have been rising at the time of the block purchase. The company’s stock is up 5.19% year-to-date (YTD), and its shares have soared 31.56% in the last three months.
Since going public last year, the stock has increased by more than 89% from its INR 93 listing price.
In terms of finances, the OTA’s consolidated net profit jumped 127% from INR 7.4 Cr in the previous quarter to INR 16.8 Cr in Q4 FY25. From INR 164.9 Cr in Q4 FY24 to INR 284.1 Cr in the reviewed quarter, operating revenue increased by 72%.
ixigo’s Recent Business Developments
ixigo was first established in 2007 by Aloke Bajpai and Rajnish Kumar as a travel search engine to assist users in comparing airfares. Later, it changed course and became an online travel agency (OTA), allowing customers to buy hotel rooms, vacation packages, and tickets for flights, trains, and buses.
Additionally, it offers automated customer service and tailored recommendations. The corporation claims to have 83 million monthly active users and 544 million annual active users.
Hotel and flight reservations to Turkey and Azerbaijan were suspended by the travel technology company, which competes with MakeMyTrip and EaseMyTrip, last month as these countries supported Pakistan during recent Indo-Pak escalations.
ixigo management stated on their Q4 results call that if the circumstances alter, the company will reevaluate its position.
This transaction is representative of a new stage in the lifecycle of Indian entrepreneurs, one that combines global asset manager involvement, VC returns, and post-IPO investor trust.
Now that more than 100 Indian firms have joined the unicorn club, attention is focused on those that scale, sustain, and generate profits.
For the upcoming generation of Indian entrepreneurs, ixigo’s transformation from a resilient OTA startup to a publicly traded company drawing in foreign investment provides an encouraging path forward.
Since the beginning of 2025, the insurance-focused SaaS business Zopper has let go of about 100 workers; the most recent wave of layoffs occurred earlier this week. According to media sources, the startup’s management said earlier this week that over fifty members of the product and engineering teams had been let go. According to a media outlet, the company simply stated that it is attempting to reduce expenses. The startup laid off about 20 members of the engineering and product teams earlier this year, making this the second round of layoffs from these teams. According to the sources, it also fired its whole 40-person insurance staff early this year. A month’s salary is being offered by the startup as a severance package.
Zopper Recently Raised $25Mn
Nearly five months have passed since Zopper received $25 million in its Series D round. This funding round was co-led by Elevation Capital and Dharana Capital and included Blume Ventures, an existing investor. Zopper stated during its most recent fundraising campaign that it was developing a cutting-edge policy administration system (PAS). The PAS would make use of sophisticated algorithms, a current tech stack, and data handling and security measures to provide flawless client support. Zopper, which was founded in 2011 by Surjendu Kuila and Mayank Gupta, offers APIs for insurance distribution to insurance firms and other ecosystem participants. Through its unique embedded insurance API suite, it assists insurance businesses in connecting with partners such as e-commerce marketplaces.
Financial Outlook of Zopper
To date, Zopper has raised $121 million from investors such as ICICI Venture, Elevation Capital, Creagis, and Bessemer Venture Partners. From INR 162.4 Cr in FY23 to INR 438.7 Cr in FY24, its operating revenue increased by 170%. But its net loss also increased from INR 47.2 Cr in FY23 to INR 115.2 Cr, a 144% increase.
Layoff has Become a Common Scenario in 2025
With big companies like Google, Microsoft, and others continuing to reduce their workforces, layoffs in the tech sector are not expected to halt in 2025. Companies are still cutting employees in an effort to simplify operations, save money, and emphasise automation and artificial intelligence, even though these figures are much lower than the major layoffs that occurred between 2022 and 2023. Layoffs.fyi, a website that tracks layoffs in the industry, reports that 93 organisations have laid off nearly 23,500 tech workers so far this year, and the number is still growing. Google and Microsoft are apparently contemplating a new round of layoffs, according to the most recent job reduction reports. According to reports, AI-led restructuring and performance-based terminations are part of the corporations’ goals to increase the effectiveness of their personnel.
The SME-focused non-banking loan company Aye Loan Limited (previously Aye Finance Private Limited) plans to raise up to INR 1,450 crore through an IPO. According to documents obtained by a media outlet, the company’s board authorised the IPO plans at an Extra-Ordinary General Meeting (EGM) on December 11.
A new issue of equity shares up to INR 885 crore and an offer for sale (OFS) of equity shares totalling INR 565 crore are both part of the planned IPO. The offering is a component of Aye Finance’s plan to strengthen its financial position and grow its business in the cutthroat lending industry, but it is contingent upon regulatory approvals and market conditions.
After years of rapid expansion, the announcement comes as Aye Finance is eager to increase its presence in the cutthroat lending industry. The market’s reaction and the regulatory landscape, however, will ultimately determine the IPO’s outcome.
ESOP Modification and Revamping of Management
The EGM authorised changes to the company’s ESOPs, including plans for 2016, 2020, and 2024, in addition to the IPO with the goal of improving employee incentives. The resolutions also contained changes to the conditions of significant executive appointments, such as the nomination of Aditya Misra as a non-executive, non-independent director and Sanjay Sharma as Managing Director of ABC Impact.
The Singapore-based ABC Impact led a Series G fundraising round in September that saw the microlending platform successfully raise INR 250 crore. British International Investment also participated in the round. Together with the $30 million in debt financing the company had previously secured in June, this equity investment increased Aye Finance’s total equity fundraising to INR 1,500 crore.
Five non-executive and non-independent directors, primarily representing investors, also resigned during the meeting for personal reasons. When a private corporation wants to go public, it is normal practice to tighten the board.
These directors were Gaurav Malhotra from British International Investment, Kaushik Anand Kalyana Krishnan from A91 Emerging Fund, Kartik Srivatsa from LGT Capital Invest Mauritius PCC, Navroz Darius Udwadia from Alpha Wave India, and Vivek Kumar Mathur from Elevation Capital.
Financial Book and Company’s Operations in FY24
At the end of FY24, the loan book of Aye Loan Limited was worth INR 4,473 crore, the net profit increased from INR 57 crore in FY23 to INR 161 crore, and the annual growth rate was 46% from FY18 to FY24. In FY24, their entire revenue increased from INR 637 to INR 1,066 crore.
The business focuses mostly on small and medium-sized businesses and excels in working capital financing. Microbusinesses with yearly sales between Rs 10 lakh and Rs 1 crore, such as kiranas or general stores, dairies, manufacturers, and merchants, are the main recipients of loans from Aye Finance. As of June 30, 2024, hypothecation loans and quasi-mortgage loans, with an average ticket size of INR 1-1.5 lakh, accounted for 92% of the AUM.
Startup companies need a certain amount of investment for growth. Wealthy investors like to invest their capital in businesses with long-term growth in view. This capital is known as venture capital and the investors are called venture capitalists. The venture capital investment is made when a venture capitalist buys shares of companies and becomes a financial partner of their business.
The data recorded at the end of Q3 2019 states that the top 10 most active Venture Capital firms in India alone contribute to 32% of the total deal count in the startup ecosystem. The Venture Capital investment is often termed as risk capital or patient capital. This is because most VC investing capitals or rather a majority of them harbor tremendous risks of parting from the money invested if the venture doesn’t succeed. Besides, the capital coming from venture capital firms or VC funds usually needs a medium to long-term period for the investments to fructify.
The Indian startups secured over $12.1 billion from the venture capital funds in the first 6 months of 2021, which is $1 billion more than the overall funding that they received last year. Venture Capital (VC) investment in India more than doubled from its previous quarterly high of $6.7 billion in Q2 2021 to $14.4 billion during Q3 2021, according to a recent report by KPMG.
In the year 2021, the Indian startups have successfully managed to mop up $36 bn worth of funds and most of them came from the VC funding for startups and private equity investments, which increased by 3X from the earlier year. These funds are not only helping the startups find it easier to raise funds but are also adding gear to the Indian startup ecosystem, thereby making it a prominent and growing entity in the global landscape.
Citing information from Venture Intelligence, the total investments in the first half of 2023 stood at $3.8 billion, which is divergent from the substantial figure of $18.4 billion seen previously.
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Sequoia India & Southeast Asia has undergone a rebranding process and emerged as Peak XV Partners. Sequoia Capital the parent organization of Peak XV Partners is an American venture capital firm, headquartered in Menlo Park, California. Sequoia invests in both public and private companies. Sequoia Capital has invested in over 1000 companies since 1972, the list of which includes big names like Apple, Google, Oracle, Nvidia, Github, and more. It is mainly focused on the technology industry. Peak XV Partners has invested in companies such as JustDial, Knowlarity, Practo, iYogi, and bankbazaar.com. It has assets worth $5.4 billion under management in India and it is spread across seven funds.
Every six months, Sequoia shortlists 15 to 20 startups for each cohort and provides a capital investment of $1 Million to $2 Million with participation from other investors.
Accel, formerly known as Accel Partners, is an American venture capital firm based out of Palo Alto, California, US. The company has its offices in Palo Alto and San Francisco along with operating funds in India, China, and London. Some of the major companies that Accel has funded over the years are Facebook, Flipkart, Atlassian, Slack, Spotify, Etsy, and more.
Accel currently has assets of more than $1.6 billion under management. It has closed nearly six funds in India. The company’s portfolio of funding Indian businesses includes names like Flipkart, Swiggy, Blackbuck, Cure.fit, and more. The firm’s growth capital investments focus on more developed companies that require a larger amount of capital to expand their business.
Accel secured a substantial sum of $650 million in 2022 for its seventh fund, known as Accel India VII. This fund supported early-stage startups in both India and Southeast Asia.
During the first quarter of 2023, the VC firm actively engaged in 12 investment deals with promising startups. Among the recipients of their investments were Zypp Electric, Kratos Studios, Rigi, and Brick&Bolt. Notably, Accel took part in a total of 48 investment deals over the course of 2022.
Accel is a venture capital firm that concentrates on the following technology sectors: Consumer, Infrastructure, Media, Mobile, SaaS, Security, Customer care services, Enterprise software, and E-commerce.
Blume Ventures is an early-stage and seed-stage venture fund that has its headquarters in Mumbai, Maharashtra, India. The company was founded in 2010 as a venture capitalist firm that aims to improve startup financing in India. Blume Ventures primarily focuses on tech companies. The company launched its first micro-VC fund in 2011, becoming the first institutionalized early-stage investor at that time.
Blume Ventures raised a $41 Million opportunity fund in 2020, which was one of the largest domestic opportunity funds among the Indian venture capital funds designed to invest in best-performing portfolio companies. From this fund, Blume has invested in Series B to D rounds in firms like Unacademy and Servify. The company had nearly three other funds the last one was $102 Million before the COVID-19 pandemic in India. The VC firm has nearly $225 Million in total capital under management. Blume Ventures boasts of managing capital amounting to more than $280 million and has backed 150+ startups.
During the year 2022, the venture capital fund successfully concluded a funding round, securing a total of $250 million for its operations. This enabled them to support 31 Indian startups, notable among them being Lambdatest, Pixxel, and Jai Kishan, an agritech startup.
During the first quarter of 2023, Blume Ventures engaged in funding rounds for 20 startups, providing investments to notable companies including ApnaKlub, Virohan, ElectricPe, and Aerem.
Capital Float, Firstcry, Swiggy, IndustryBuying, Aye Finance, Rivigo, Cleartax
Key Sectors
Fintech
Stage
Stage Agnostic, Private Equity
Website
Elevationcapital.com
Venture Capitalist Firm – Elevation Capital
SAIF Partners rebranded as Elevation Capital on October 20, 2020, is a stage and sector-agnostic private equity firm in Asia. The firm is headquartered in Gurugram, Haryana, India, and aims to make minor investments in seed-stage, early-stage, and later-stage companies. Elevation Capital (formerly known as SAIF Partners) was started as Softbank Asia Infrastructure Fund (SAIF) in 2001 with a $400 Million fund where Cisco Systems and Softbank Group were the sole limited partner.
When Elevation Capital started as SAIF Partners, it was headquartered in Hong Kong and was focused on China, India, Hong Kong, and Taiwan. In India, the venture capital firm has offices in Bengaluru and Gurugram. Elevation Capital had already invested in the early stages of companies like FirstCry, Just Dial, MakeMyTrip, Meesho, Paytm, ShareChat, Swiggy, and more. The firm has doubled its investment in Indian firms in 2020 into new segments like edtech, health tech enterprise software-as-a-service (SaaS), entertainment, and direct-to-consumer startups.
Tiger Global Management LLC operates as an investment firm that is focused on public and private companies in the global Internet, software, consumer, and financial technology industries. The mission is to generate world-class investment returns over the long term. It builds a unique, global investment platform. They invest in high-quality companies that benefit from powerful secular growth trends and are led by excellent management teams.
Tiger Global Management was founded in 2001 and is headquartered in New York, US, and is one of the most global investors in Indian startups that has started investments of around $300 Million. It has backed more than 13 companies, including a $90 Million round in agri-tech startup Ninjacart and a $60 Million infusion in B2B industrial goods marketplace Moglix in the first half of FY19.
The company is said to have invested in more than 442 companies across the globe with 7 designated funds. It has also witnessed 64 exits since its inception in 2001. In India, this VC firm has invested in more than 97 startups. Tiger Global is reported to have raised the highest amount of capital amongst venture capital firms between 2007 and 2017. In 2020, Tiger Global helped its investors earn around $10.4 billion, which is more than any other hedge fund on the annual list of London fund-of-funds firm LCH Investments’ top 20 managers.
Razorpay had been among the companies, which includes Urban Company, Flipkart, Moglix, and more that Tiger Global Management had invested. In the first half of 2019, Tiger Global Management made its founder, Coleman, the top-earning US hedge fund manager in 2020 where the company had mopped in around $3 billion in fees and gains on investments.
In mid-2022, Fund 15 concluded its fundraising with an impressive total of $12.7 billion, showcasing a significant growth of 2 times compared to the 16th equity fund announced in October.
In June 2023, Tiger Global successfully secured $2.7 billion for its new fund, though it fell below its initial target of $6 billion.
Kalaari Capital, founded in 2006 in Bengaluru by Vani Kola. It focuses on technology-related companies in India. Till now it has made more than 92 investments across 3 funds and witnessed more than 15 exits from companies like Myntra and Snapdeal. It has also made a partial exit from Zivame.
Kalaari Capital manages $650 Million in assets under management. It boasts of a strong advisory team in Bangalore investing in the early stage. Kalaari is passionate about investing in entrepreneurs who are poised to be tomorrow’s global leaders. This firm had funded $290 Million in 2015, which was the largest fund by an Indian VC at that time.
Matrix Partners is a US-based private equity investment firm focused on venture capital investments. The firm invests in seed and early-stage companies in the United States and India. It mainly concentrates on the software, communications, semiconductors, data storage, Internet, or wireless sectors. Matrix has invested in Apple Computer, Alteon WebSystems, and Office Club. It is said to have nearly $1 Bn as assets under management (AUM). The company has invested in more than 549 companies throughout the world with its second fund. Online gaming platform Zupee raised $10 Million in a funding round led by US-based growth equity firm WestCap Group and existing investor Matrix Partners India.
The firm has also noted 120 successful exits from companies like HubSpot and Oculus. The firm entered India back in 2006 under the leadership of general partners Avnish Bajaj and Rishi Navani.
Nexus Venture Partners was founded in 2006. Silicon Valley and Mumbai-based venture capital firm, Nexus Venture Partners is the first India-US venture fund. The company has grown to be a popular venture capitalist firm that has helped a list of companies to raise funds like WhiteHat Jr., Rapido, Delhivery, Zomato, and more.
The firm makes investments in early-growth stage companies with an average ticket size of $500K-$10 Million. The firm had raised $100 Million in its first fund. It is said to have more than $1.4 Billion in assets under management as of FY 19. The firm has invested in over 100 startups such as Zomato, Snapdeal, Delhivery, Goodera, etc. Its successful exits include Gluster, Gitter, ElasticBox, and MapMyIndia among others.
By March 2023, Nexus Venture Partners had successfully raised a total of $2.6 billion in funding in a span of seven funds.
WebEngage, Wow! Momo, Druva, Box8, Faballey, Little Black Book
Key Sectors
E-commerce & Agriculture
Stage
Early Stage, Seed
Website
Iangroup.vc
Venture Capitalist Firm – Indian Angel Network
Founded in 2006, in New Delhi, India, Indian Angel Network (IAN) is a group of primarily Indian angel investors funding early-stage startups. The group had 450 members from 11 countries in 2017. Indian Angel Network, India’s first and Asia’s largest angel network brings together successful entrepreneurs and CEOs. The group has invested in companies, such as PregBuddy and SuperProfs. In 2018, one of its founders Padmaja Ruparel was ranked amongst Fortune (magazine)‘s list of The Most Powerful Women in India.
On Nov 8th, 2020, the Indian Angel Network (IAN) announced the joint with Bangladesh Angels Network (BAN). The aim is to work together to source, cross-refer, and promote linkages in technology-enabled startups in India and Bangladesh to create an enabling environment for venture investing in both ecosystems. IAN is a SEBI-registered early-stage fund with more than 470 investors from around 11 countries. It aims at investing up to $1 Million, with an average ticket size of about $400K-$600K.
By October 2022, Indian Angel Network had successfully raised a total of ₹20.5B billion in funding in a span of four funds.
Omidyar Network India was founded in 2004. Omidyar Network India is an investment firm focused on social impact. The company looks to invest in startups that are helping to build more inclusive and equitable societies for the benefit of many. It provides grants to nonprofits in the areas of digital identity, education, emerging technologies, financial services, and more. The company started ReSolve Initiative, which is designed to invest in building solutions for two long-standing themes – MSMEs and migrant workers. The initiative will look to entrepreneurs, thought leaders, and policymakers to come together to reframe and resolve the issues plaguing these areas.
It has invested over $300 Million into the Indian startup ecosystem. The company has also decided to invest an additional $350 Million (INR 2486 Cr) in the upcoming five years. By this investment, the social impact investment firm also wants to target 500 Million individuals, who have just started using smartphones.
Features of Venture Capital Investments
High-risk investment
High Tech projects
Participation in Management
Length of Investment
Illiquid Investment
How the Venture Capital Industry Works
Methods of Venture Capital Financing
Equity financing – Equity financing is the raising of funds by selling the shares of the company. Sometimes companies need money for short-term or long-term investments and the sale of shares proves beneficial in the way that they simply sell their shares or the ownership of the company in return for cash
Participating debentures – This is the form of raising capital from venture capitalists and other companies in different phases with varying interest rates. Here, the initial seed round comes without any interest, however, the successive rounds, as the startup grows, are chargeable at increasing interest rates.
Conditional loan – Conditional loans are another way of raising funds that do not carry interest. These loans can be availed by startups and other companies to meet their funding needs but they need to be repaid to the lender in the form of royalty once the company starts making revenue. The rate of royalty varies from (2-15)% based on several factors like the gestational period, external risk, and more.
Income note – Income notes can be categorized under hybrid financing that is similar to traditional and conditional loans in characteristics when combined. In this form of a fund raised the company for which they have to have both royalty and interest but at comparatively lower rates.
Convertible loans – Going by the term, “conditional” loans are the loans that are provided to startups and other business ventures on the condition that if the loan amount is not paid within a stipulated time they can then convert the same into equity.
The venture capitalist provides the funding knowing that there’s a significant risk associated with the company’s future profits and cash flow. Capital is invested in exchange for an equity stake in the business rather than given as a loan.
A venture capital investment company is an investment firm that invests in startups and mentors them for their growth. Venture capital firms are generally made up of well-off investors, investment banks, and other financial institutions.
How many Venture Capital firms are there in India?
There are over 800+ venture capital firms in India, as of 2022.
What are the top Venture Capital firms in India?
Some of the top Venture Capital firms in India are:
Peak XV Partners
Accel
Blume Ventures
SAIF Partners
Tiger Global Management
Kalaari Capital
Matrix Partners
Nexus Venture Partners
India Angel Network
Omidyar Network India
What are Corporate Venture Capital funds?
Corporate Venture Capital funds can be defined as the corporate funds that the Corporate Venture Capital firms invest directly in the external startup companies.
To list some of the top corporate venture capital firms:
Brand Capital
Amazon and Amazon Alexa Fund
Google and Google Ventures
Unilever Ventures
Samsung Ventures
Intel Capital
Microsoft
Bain Capital Ventures
Reliance Capital
Mahindra Partners
Experian Ventures
Lodha Ventures
How to raise venture capital for a tech startup?
If you are looking to raise venture capital for a tech startup that is on your mind, then here are some decent ideas that you can go for to raise some venture capital:
Set out with a powerful business idea
Make a unique and foolproof business and revenue model
Make a list of the criteria for getting funds from a specific list of venture capitals
Know your venture capital firms
Prepare your pitch
Reach out to prominent venture capital firms politely and confidently
Speak well and support your statements with research data
Communicate your ideas clearly
Establish your value propositions well
Wait for the results
What are early stage VC firms?
The early stage VC firms are the venture capital firms that are typically known to support startup businesses in their earlier stages of growth. These stages also include the beginning phase when the projects are still in the market research and development stage.
We are living in an era where fintech is taking over the world. Technology has always given us a revolutionary form in every sector, now it is the turn for fintech. India has become a hub for startups. More and more people are showing their interest in being an entrepreneur. Fintech startups are showing immense growth in the country and as of now, India has over 2,100 Fintech companies. As per reports, by 2025 the fintech market in India is expected to reach $150-160 billion.
Now, any kind of business needs funds to function, without funds, the survival of a business is not possible. The fintech industry is booming with new business ideas and opportunities alike. Now Fintech startups are experiencing growth and one of the prime reasons is the investors. They are providing these startups with the required funds that their business needs. In this article, we will talk about the different investors in India that invest in fintech startups. So, without any further ado, let’s get started.
“FinTech is not only an enabler but the driving engine” -Pierre Gramegna
How Fintech Founders are Planning to Dominate the Indian Bond Market?
Elevation Capital which is formerly known as SAIF Partners is a venture capital firm known for investing in some of the most popular startups and is one of the biggest investors in India. The company was founded in the year 2002 by Ravi Adusumalli and since then it has never looked back and provided support to some of the biggest fintech startups in India. Some of the popular Indian fintech startups that have received funding from this venture capital firm are PayTm, FamPay, Uni, Jodo Anthem, Aye Finance, Acko, and more.
This Mumbai-based investment firm, founded in 2010 has been showing its grasp by investing in some of the seed-stage and early-seed-stage startups from all sectors of business. The venture capital firm has participated in more than 175 funding deals. Some of the Indian fintech companies it has invested in areInstamojo, Turtlemint, Slice, Zopper, Kaleidofin, Unicoin, smallcase, and more. Blume Ventures is one of the most popular venture capital firms in India that has generously invested in some of the most popular fintechs in India.
Better Capital is founded by Vaibhav Domkundwar and the firm is focused on building and investing in promising businesses. This India-based, venture capital firm has been showing its interest in fintech startups from the very beginning. Better Capital’s investment portfolio includes more than 200 companies among which 40 are related to fintech. The venture capital firm has invested in some of the popular fintech startups like Rupeek, Open, Slice, M2P, Jupiter, Rupify and others.
Kalaari Capital is a popular Indian Venture Capital firm that is founded by a woman, Vani Kola. The headquarters of the Kalaari Capital is situated in Bengaluru. The investment firm founded in 2006 mainly looks for promising and early seed-stage startups from multiple sectors to invest in. Kalaari Capital has invested in the likes of Threedots, Upstox, Toffee Insurance, AffordPlan, WeRize and other fintech startups.
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The venture capital firm mainly focuses on early-stage businesses and invests in them. The company focuses on multiple sectors including Fintech, Edtech, b2b sectors dealing with fintech, Health-tech, SaaS, consumer brands and others. The headquarters of the company is situated in Mumbai. The company has invested in more than 70 deals and among them, 9 are related to fintech startups. Some of the popular fintech startups that the venture has invested in areLendingkart, LoanTap, Upwards, Propelld, and more.
Prime Venture Partners
Founder – Amit Somani, Sanjay Swamy and Shripati Acharya
Prime Venture Partners – Fintech Investors in India
Prime Venture Partners was founded in the year 2011 and since then it has funded many fintech startups. The company was founded by Amit Somani, Sanjay Swamy and Shripati Acharya and the headquarters is situated in Bengaluru. The company has also invested in the sectors of Edtech, SaaS, and health care. Some of the major fintech startups that Prime Venture Partners have invested inareNiyo, AffordPlan, KredX, Knight FinTech, and more.
Pravega Ventures
Founder – Mukul Singhal, Rohit Jain and Vinay Menon
Another prominent fintech investor in India on the list is Pravega Ventures, founded by Mukul Singhal, Rohit Jain and Vinay Menon. The headquarters of the company is situated in Delhi. Pravega Ventures has contributed to more than 26 funding deals till now. The venture capital firm focuses on tech-related startups which include fintech as well. It has invested in fintech startups like ePayLater, Flexmoney, Mintoak, MyShubhLife, and more.
Titan Capital
Founder – Kunal Bahl and Rohit Bansal Founded – 2015 Investment Portfolio – LogiPe, Jupiter, Credgencies, Razorpay, Tinkerr, Astu Credit
Titan Capital – Fintech Investors in India
Titan Capital is a venture capital firm whose headquarters is situated in Gurugram. The most interesting thing is that the firm is founded by Kunal Bahl and Rohit Bansal who are the founders of Snapdeal. The firm focuses on funding seed-stage and pre-seed-stage startups. It was founded in the year 2015 and since then Titan Capital has participated in many funding deals related to different sectors of startups. Titan Capital has invested in fintech startups like LogiPe, Jupiter, Credgencies, Razorpay, Tinkerr, Astu Credit, and more.
For any kind of business, investment is necessary. Investors willingly provide businesses that they deem to be potential with the needed funds. Fintech startups are growing in numbers in India, and it seems like it’s just the start of the real game. Naturally, investors are also looking to invest in fintech startups as financial services have become an important need and the market is growing quite fast. With time, many other venture capital firms will also start investing generously in fintech startups.
FAQs
What is Fintech?
Financial technology is abbreviated to FinTech and it comprises companies that use technology to offer financial services.
How many fintech startups are there in India?
There are more than 2100 fintech startups in India as of 2022.
