With funding fizzling out, dim IPO prospects and ever-growing regulatory scrutiny, startup founders seeking an exit are increasingly going down the acquisitions road.
It looks like Indian fintech firms are on an acquisition spree.
Even though venture capitalists across the globe are sitting on $300 billion in capital, investors are less willing to take a “punt on riskier opportunities”, The Economist noted recently. Last year, fintech startups in India raised $5.65 billion, a drop of 47% from the previous year, largely driven by a decline in late-stage funding, according to data analytics firm Tracxn.
Even as seed, early- and growth-stage firms face tough funding conditions, late-stage companies could see their valuations drop. Moreover, it seems no Indian fintech firm will list on the …
Advait is a financial journalist and a former writer at The Morning Context. Here, he wrote on India’s banks, the wider financial services industry and the fintech ecosystem. He has previously worked with the Economic and Political Weekly, Business Standard, BloombergQuint and MediaNama, where he covered everything from the Reserve Bank of India to fintech policy.
Writer
advait@mailtmc.com
Mumbai