India's FinTech Funding Concentrates in Mega-Deals While Seed Stage Plummets
India's FinTech sector saw overall funding rise 14% to $2.2 billion despite a 41% drop in total deals, as capital concentrates heavily in late-stage rounds. Just five mega-deals secured half of all funds, highlighted by CRED's massive $540 million round, while early-stage seed funding suffered a severe 57% collapse, according to recent Tracxn data.
Source: BW Businessworld