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November 09, 2017

Focus Turns to New Verticals as Fintech Investments Gathers Pace in Post-DeMo India

Venture Capital investors invested in as many as 8 fintech companies in just the month of October 2017 - representing a new high for the sector during the year. Early Stage investors have been favouring the sector over yesteryear star of B2C E-Commerce making 11 seed and 17 Series A bets in Fintech companies during the tear.

A year after the Indian Government Demonetized ("DeMo") its high value notes, which saw mobile wallet companies like Paytm and Mobikwik gain very significant heft, investors seem to have decided that sufficient funding has gone into the payments category. They are now focused on new verticals within Fintech - especially Insurance marketplaces (Policybazaar, Renewbuy), SME focused lenders (Lendingkart, Capital Float), Credit evaluation (Credit Vidya, Datasigns), micro-credit for students (Krazybee and Slicepay), end-of-month credit for salaried professionals, etc.

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