Report: Valuation Of Indian Fintech Sector To Touch $150-$160 Billion By 2025
According to a report titled India FinTech: A $ 100 Bn opportunity by Boston Consulting Group (BCG) and FICCI, India is estimated to reach a fintech sector valuation of $150-160 billion by 2025, translating to an incremental value-creation potential of about $100 billion.
The report stated that over the past five years, Indian fintech companies have raised about $10 billion from investors all over the world, increasing the sector’s total valuation to an estimated $50-60 billion.
Rise of Fintechs In India
India has seen a sharp rise in the number of fintech firms, with over 2,100 fintech firms existing in India currently, and 67% of the total firms have been set up in the past five years.
The Fintech sector in India has collectively raised more than $10 billion since 2016. The report added that the Indian fintech sector has seen 8 companies reaching the coveted billion-dollar-valuation’ milestone (unicorns), and an additional 44 are valued at over $100 million as of date.
BCG Managing Director and Partner Prateek Roongta said that the number of Indian fintech unicorns would reach more than double by 2025.
Prateek Roongta said,
“The fintechs that will achieve these milestones will be the ones that ‘master the core’ by building deep, differentiative capabilities on their primary offerings. India will also see the emergence of ecosystem orchestrators, and multinational fintechs, making it a global fintech powerhouse.”
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