Venture capital fund Cedar-IBSi Capital has announced its projection of a USD 1 billion investment in India’s BankTech sector by 2027, aiming to support the country’s goal of reaching a USD 7 trillion GDP by 2030. Sahil Anand, the founder of Cedar-IBSi Capital, has emphasized the importance of digital transformation in banking and highlighted the significant role of technology in enhancing financial inclusion. The fund is set to provide financial backing to 10–15 early-stage startups operating within the BankTech industry, further fueling innovation and growth in the sector.
Cedar-IBSi Capital targets $1B investment in India’s BankTech sector, aiming to boost GDP to $7T by 2030.
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