Funding being the most crucial factor determining the existence and progress of any industry, it is important to understand the trends happening around even in critical situations.
Due to the current pandemic situations, there have been hit to almost all industry segments including Fintechs. This report gives a broad picture of all investment deals, the pattern of funding across segments, and the key insights that have been observed in the past 6 months.
Followings trends have been observed:
- COVID crisis slowing down the economy
- Lending and Payments being the top picks for investment
- Fewer large deals during this period especially in mid-to-small ticket sizes
- Investment span across Seed to Series A, B, and C
- Neo Banking emerging as next big segment to watch for in upcoming 6-12 months
CONSEQUENTIAL PATTERN IN THE FLOW OF FUNDS
In the month of January, 17 deals were closed with raised funds totaling to approximately USD 290 million. February has shown sudden drop both in terms of the number of deals and their fund value.However, March and April have picked up a bit of momentum with an increase in the number of deals closure but fallen fund value.In context to the falling economy, to revive the economy, the Government of India has announced a mammoth relief package which may fuel the confidence of the investors in the segment. Similarly most of the governments globally too have taken primary measures for economic revival measures.
TOP INVESTMENTS IN PAST 6 MONTHS
Key large deals included Digit Insurance (USD 84 Mn), BharatPe (USD 75 Mn), MoneyTap (USD 70.1 Mn), Khatabook (USD 60 Mn), Vivriti Capital (USD 49.1 Mn), Lendingkart (USD 42.4 Mn), MobiKwik (USD 30 Mn), SMEcorner (USD 30 Mn), OLA Money (USD 27.1 Mn) and JusPay (USD 21.6 Mn)