State Of Indian Fintech Report 2024, InFocus: Super Apps

Between 2014 and Q3 2024, the Indian startup ecosystem attracted over $151 Bn+ in investments, with fintech accounting for 19% of the total funding. In 2024 (Q1-Q3), the sector secured $1.7 Bn+ in funding, with Mumbai along with Bengaluru emerging as the dominant fintech hubs and lending tech as the funded sub-sector, securing 50% and 67% of the total funding, respectively. The report provides an in-depth analysis of funding patterns and the growth trajectory of emerging opportunities in fintech super apps, including AI-driven financial solutions and the rise of Unified Payment Interface (UPI), which have propelled the growth of Indian fintech startups. It highlights the dynamic and rapidly evolving nature of India’s fintech ecosystem.