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Pentathlon Ventures Debuts VC Fund Worth INR 76 Cr
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Gemba Capital has launched its maiden micro-VC fund of $10 Mn
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India Quotient Launches $80 Mn Fund To Invest In D2C, SaaS Startups
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The company plans to raise a corpus of $80 Mn from domestic investors and global investors for early stage investments
It looks to use this to back startups in edtech, fintech, D2C, social media and enterprise tech sectors
India Quotient has invested in over 77 startups, including D2C brand SUGAR Cosmetics, audio content platform Kuku FM, Lendingkart, Sharechat and others
Mumbai-based early-stage venture capital firm India Quotient recently announced the launch of the fourth fund where it is looking to raise $80 Mn to invest in direct-to-consumer (D2C), enterprisetech, edtech, fintech and social media startups.
Lending tech startups accounted for 44% of the total fintech funding in 2020
Will insurance tech replace digital lending as investors’ favourite in 2021
The growing number of internet subscribers and smartphone users across the country and the Indian government’s proactive digital drive to ensure financial inclusion have seen the market for fintech solutions grow at a fast clip. Although mobile recharge and digital wallets laid the foundation of India’s fintech revolution, digital lending in the consumer space has now turned out to be the most lucrative opportunity.
Thanks to the growing urbanisation and a rise in formal employment across Indian cities, the addressable market for consumer credit is poised to increase. But that does not mean that the sector is without its challenges. However, formal employment (as indicated by the number of EPFO accounts) surged nearly 4x from 44 Mn in FY15 to 161 Mn in FY21 (up to Q3). And lending tech startups are making the most of this op