With $4.6 billion, India’s Fintechs raised 3X more funds in 2021, PwC report

Indian startups have got record funding in Q3 of CY21, with investment totalling $10.9 billion across 347 deals–the first-time investments in a quarter have crossed the $10 billion mark, as per the PwC India. This was twice the amount of funding received in Q3CY20 and was up about 41% over the Q2CY21 figure, said the findings of the report titled ‘Startup Perspectives-Q3CY21’.The increase in funding activity was noted across all sectors, both by value and volume.

However, fintech, edtech and SaaS are the top three hot investment sectors in CY21, together accounting for about 47 per cent of the total funding activity.

The FinTech ecosystem saw investments across the spectrum of business with investors showing a renewed interest in companies operating in the segments of InsurTech, WealthTech, neobanks and financial technology enablers.