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Venture capital fund Cedar-IBSi Capital on Sunday said investment in the country's BankTech sector is projected to reach USD 1 billion by the end of 2027. It said as the country is progressing towards achieving its gross domestic product target of USD 7 trillion by 2030, the banking sector will be a key driver for pushing the economic growth. "Investment in India's BankTech sector is projected to reach USD 1 billion by the end of 2027," the company said. Cedar-IBSi Capital Founder and Managing Partner Sahil Anand said technological revolution has been transforming banking services in India, bringing down its core functions towards digitisation. Research indicates that about 80 per cent of the traditional banking services can now be performed digitally, he said, adding that technology is playing a crucial role in driving financial inclusion, extending banking services toconsumers in underserved regions. Cloud computing has emerged as a transformative force in the banking sector, ..

Startups

TREND | 26 Mar 2025

Kunal Kamra's video gets copyright strike on YouTube, he blames T-Series

Business Standard

Comedian Kunal Kamra slammed T-Series for allegedly taking down his content, stating that parody and satire fall under fair use and warning of its impact on creators

Startups

TREND | 21 Mar 2025

STAGE raises $12.5 million in Series B round led by Goodwater Capital, Blume Ventures

Business Line

The platform said it has achieved Annual Recurring Revenue of 180 crore with 4.4 million paying households and 20 million+ app installs across play stores

Startups

TREND | 21 Mar 2025

In-Space selects SIDBI Venture Capital as fund manager for 1,000 crore venture capital fund

Business Line

The fund will also be open to contributions from other investors, and depending on the private capital inflow, the investment will be capped at 60 Cr

Sidbi VC to manage Rs 1,000 crore venture capital fund for space sector

Business Standard | 21 Mar 2025

Startups

TREND | 20 Mar 2025

Stylework eyes IPO by FY28, to raise $6 million in pre-Series B round

Business Standard

The company is in the process of closing $6 million in pre-Series B funding

Startups

TREND | 19 Mar 2025

Venture capital, private equity funds bet big on traditional sectors

Business Standard

Investments in the BFSI segment went up 3.5x in 2024 over the previous year, touching $ 1.1 billion through 42 deals in which 47 per cent were above $50 million.

Startups

TREND | 19 Mar 2025

Nourish You raises 16 crore in Series Afunding

Business Line

The company said it would use the proceeds to scale its operations, improve customer retention, and drive market expansion. It is also planning to diversify its superfoods and protein portfolio