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Value of fintech-led businesses to rise to $400 billion by 2030: report

Economic Times

Economic Times · 1y ago

Value of fintech-led businesses to rise to $400 billion by 2030: report

A report by Elevation Capital projects the creation of about $400 billion worth of businesses in India's fintech sector over the next seven years, growing four times from current levels. The sector is expected to tap into a revenue pool of around $70 billion out of the overall financial services revenue pool of $620 billion by FY2030. The report highlights that India now has the world's third-largest fintech ecosystem, with over 9,000 fintech startups, following the US and UK. SME lending, retail lending, and fintech SaaS are identified as key innovation opportunities.

Related News

Indian Soonicorns Have Created 1.26 Lakh Jobs To Date

Inc42 · 1y ago

Indian Soonicorns Have Created 1.26 Lakh Jobs To Date

According to a recent report by Inc42, Indian soonicorns (startups valued at over $1 billion but not yet IPOed) based in Bengaluru, Mumbai, and Delhi NCR have created nearly 90% of employment opportunities. These soonicorns, which have raised more than $15 billion and have a cumulative valuation of over $40 billion, have created more than 126,000 jobs to date. Fintech soonicorns have emerged as the biggest employment providers, followed by ecommerce and enterprise tech sectors. Despite the challenges faced by Indian startups over the past two years, the number of unicorns in India is expected to rise to over 280 by 2030, led by fintech, ecommerce, and enterprise tech soonicorns.

GetVantage launches Rs 100 crore fund for women entrepreneurs

Business Today

Business Today · 1y ago

GetVantage launches Rs 100 crore fund for women entrepreneurs

GetVantage, an alternative-financing fintech platform in India, has launched the Rise-Up Fund to provide inclusive capital to women entrepreneurs. The non-dilutive fund has an initial amount of INR 100 crore ($13.6 million) and aims to support over 400 women-led businesses in scaling up. GetVantage will disburse the funds through its own NBFC GetGrowth Capital, as well as through partnerships with Varanium's Debt Fund, NBFCs, and AIFs. This initiative comes as women-led businesses in India face an unmet credit gap of over $11.4 billion and received only 5.2% of total funding by Indian public sector banks.

GetVantage launches Rs 100Cr 'Rise-Up Fund' for women entrepreneurs

IndianStartupNews

IndianStartupNews · 1y ago

GetVantage launches Rs 100Cr 'Rise-Up Fund' for women entrepreneurs

Fintech startup GetVantage has launched the 'Rise-Up Fund' to support women entrepreneurs in India. The fund, worth INR 100 crore ($13.6m), will be provided to over 400 women-led businesses through non-dilutive financing. GetVantage has partnered with network Encubay to increase its impact and offer fair and inclusive access to funding for female founders. The initiative aims to bridge the funding gap faced by women-led businesses, which make up just 18% of India's startup ecosystem.

India to have 150 fintech unicorns with combined $500 billion valuation by 2030: report

Economic Times

Economic Times · 11m ago

India to have 150 fintech unicorns with combined $500 billion valuation by 2030: report

India is expected to become home to 150 fintech unicorns valued at $500 billion by 2030, according to a report by JM Financial and Beams Fintech Fund. The report predicts a surge in revenue for Indian fintech firms, reaching $260 billion by the end of the decade. The payments industry is projected to lead the fintech boom, with transaction values expected to reach $11 trillion by 2030. Other segments such as lending, insurtech, wealthtech, and neobanking are also set for significant growth. Currently, India has 26 fintech unicorns, positioning it behind the US, China, and the UK.

Construction, travel among 18 sectors to ring in $2 trillion revenue

Economic Times

Economic Times · 2m ago

Construction, travel among 18 sectors to ring in $2 trillion revenue

A McKinsey report identifies 18 transformative sectors, such as urban construction, travel, and tourism, and renewable energy, which could generate $1.7-2 trillion in revenue for India by 2030. These sectors represented $690 billion in revenue in 2023 and could contribute 30% of India's incremental GDP by 2040, aiding its goal of becoming a developed economy by 2047. Urban construction is expected to bring in $400-490 billion by 2030.

Fintech accounts for 3 per cent India’s financial services revenue pool, to clock $70 bn revenue by FY30

Business Today

Business Today · 1y ago

Fintech accounts for 3 per cent India’s financial services revenue pool, to clock $70 bn revenue by FY30

India's fintech sector, ranked third globally, is projected to reach $70 billion annual revenue by FY30, comprising 18-20% of the country's financial services revenue. Fueled by digital adoption, public infrastructure, and regulation, it's expected to expand to a $400 billion opportunity by 2030. Fintechs have garnered 3% of India's $210-220 billion financial services revenue, with investments tripling since 2018, constituting 14% of start-up funding. They dominate digital payments, broking accounts, and show potential to capture 12-15% of financial services revenue by 2030.

GetVantage launches Rs 100 crore fund for women entrepreneurs

Business Today

Business Today · 1y ago

GetVantage launches Rs 100 crore fund for women entrepreneurs

Indian fintech platform GetVantage has launched a Rs 100 crore ($13.5m) fund to support women entrepreneurs. The Rise-Up Fund aims to help over 400 women-led businesses scale up over the next year. GetVantage will disburse the funds through its own non-banking financial company, GetGrowth Capital, in addition to partnerships with other NBFCs and AIFs. The move comes as analysis reveals women-led businesses in India faced an unmet credit gap of more than $11.4bn, and female founders received just 4.5% of $6.6bn in funding investments over the past nine months.

After two-year lull, India’s PE-VC market rebounds 9% to $43 billion: Report

Economic Times

Economic Times · 3m ago

After two-year lull, India’s PE-VC market rebounds 9% to $43 billion: Report

India's private equity and venture capital (PE-VC) investments rebounded to $43 billion across 1,600 deals in 2024, following two years of decline, according to a Bain & Company report with IVCA. Driven by venture capital and growth investments, PE deals remained stable at about $29 billion. India led Asia Pacific exits with $33 billion value, a 16% rise. Increased IPOs and successful block trades boosted public market exits, indicating a maturing PE-VC ecosystem.

SaaSBoomi slashes startups’ enterprise value forecast for 2030 by 50%

Economic Times

Economic Times · 2y ago

SaaSBoomi slashes startups’ enterprise value forecast for 2030 by 50%

The forecast for SaaS (Software as a Service) startups' enterprise value in 2030 has unexpectedly dropped by 50%, according to a report. The plunge in projected value raises concerns for the future growth and potential of these tech startups. The article from Economic Times highlights the challenges and uncertainties faced by the SaaS industry. In a silver lining, the collective of SaaS and product companies says its 2030 revenue forecast for the startups remains strong at $50-$70 billion.

India’s online commerce sector to touch $300B by 2030: Bessemer Venture Partners

YourStory

YourStory · 2m ago

India’s online commerce sector to touch $300B by 2030: Bessemer Venture Partners

India's online commerce sector is projected to grow from $30 billion in 2020 to $300 billion by 2030, backed by technology advances, demographic factors, and supportive policies, says a Bessemer Venture Partners report. The rise of quick commerce and direct-to-consumer brands has shaped changing consumer behaviors, with platforms like Zepto and Swiggy capitalizing on these trends. The report underscores India's burgeoning digital potential as a $1 trillion opportunity, driven by evolving consumption habits and platforms adapting to shorter attention spans.

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