Indian fintech startups go slow on M&As despite robust fundraising

Indian fintech startups go slow on M&As despite robust fundraising

Photo by Jonas Leupe on Unsplash.

Q3 2024 turned out to be quite a paradox for India’s fintech sector. While fundraising by startups in the sector jumped more than 66%, there was a steep fall in merger and acquisition (M&A) activity during the quarter, belying the notion that increased funding usually triggers a wave of consolidation.

Edited by: Joymitra Rai