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FinTech sector leads with 30 startups in Future Unicorns worth $11.4 bn
Update / Judgement Date
19 Jun 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Start-Up & DPIIT
India's FinTech sector leads with 30 future Unicorns, predominantly in consumer lending, comprising 20% of the total value in the ASK Private Wealth Hurun India Future Unicorn Index 2024, totaling $11.4 billion. Money View emerges as the top FinTech Gazelle, while JustPay leads as the most valuable FinTech Cheetah. \r
These startups have collectively raised $5.7 billion. Rajesh Saluja, CEO of ASK Private Wealth, noted a shift from FinTech to Deeptech, emphasizing future growth in Electric Vehicles (EVs), Green Energy, and Semiconductors. Aerospace, driven by rising demand and government support, also emerges as a promising sector with notable funding disparities compared to AI and EVs.
