Overview
Fintech continues to be the darling of investors despite a funding winter in the startup ecosystem. Growth and fintech startups took a lion’s share of 62% of the funding pie with PhonePe and InsuranceDekho getting the highest amount of funding.
Although the startup ecosystem is reeling under the pressure of a funding winter, the fintech party continues, albeit at a slower momentum. Data from 1 Lattice and Nasscom suggests that overall funding in the startup world totalled $76B, which is 50% lower than the previous year. However, fintech startups occupy a gigantic 36% of the total funding.