5 Investors tapping into FinTech opportunities in India

By Gloria Mathias

The FinTech landscape is marked by continuous technological advancements and developments. This evolution has led to the emergence of cutting-edge digital applications and platforms, expanding the horizons of financial innovation.

Bob van Dijk, Prosus and Naspers CEO said, “We are now fully focused on the huge FinTech opportunity in India, where PayU is the leading payments service provider and is rapidly expanding its credit offering. Innovation and progressive regulation are driving rapid change within the digital payments industry in India, and we see many new opportunities to further expand our business there. As one of the fastest-growing major economies in the world, we strongly believe in digital India and are excited about the next phase of growth for PayU in India.”

Central to the FinTech evolution in India are venture capital firms and strategic investments, which have played a pivotal role in fostering and nurturing the growth of the FinTech space in the country.

Below listed are the 5 venture capital firms tapping FinTech opportunities in India:

• Better 

Better is an India-focused pre-seed venture firm with a portfolio of 200+ companies, including stellar successes like Slice, Rupeek, Open, Khatabook, Bijak, Airmeet, Teachmint, Kutumb, Dukaan, Jai Kisan, Skill Lync, M2P, Toddle & more. Better partners with founders very early invests with deep conviction, and helps its companies build systematically from idea to early PMF to traction, follow-on fund raises, and more.

• growX Ventures 

growX is an early-stage investment firm based out of Delhi. growX helps start-ups scale by investing time and money in the businesses and typically works closely with the investee companies at a strategic and operational level. growX investments are focused on seed and angel stages across various sectors. growX has recently funded OneStack bagging $2m.

• Nexus Venture Partners 

Nexus Venture Partners is a venture capital firm that supports founders in building product-first companies. The firm serves inception, seed, or series-A stage partner to founders, actively engaging with them throughout the company lifecycle. With $2.6 billion under management, Nexus focuses on two primary investment areas: enterprise software companies globally and technology-powered businesses within India. The Nexus portfolio includes India Shelter Finance, TileDB, Jumbotail, PaySense & Kiwi.

• 8i Ventures 

8i is a Mumbai & Bangalore-based early-stage fund that backs founders creating Fintech and consumer category leaders in India. The VC partners have backed 50 seed to early-stage startups over the last decade, creating more than $3B of value for their shareholders. These include several category leaders like Slice, M2P, Kodo, Signzy, Easebuzz, Blue Tokai, Carwale.com, HCG Global, EzeTap and MoneyTap.

• 100X.VC 

100X.VC is a VC to invest in early-stage startups using India SAFE Notes. The VC leverages its relationships with founders, co-investors, corporations, and investment bankers. After investing in a startup, 100X.VC effectively becomes their coach, strategy consultant, investment banker, business mentor and trusted advisor. 100X.VC is a SEBI Registered Investment Adviser and CAT I AIF. 100X.VC led a funding round for 50Fin, an India-based FinTech Company.

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