Venture capital fund Cedar-IBSi Capital has announced its projection of a USD 1 billion investment in India’s BankTech sector by 2027, with the aim of supporting the country’s goal of reaching a USD 7 trillion GDP by 2030. Founder Sahil Anand has emphasized the importance of digital transformation in the banking industry, highlighting the significant role technology plays in enhancing financial inclusion. The fund has outlined its strategy to support 10-15 early-stage startups operating within the BankTech sector. This move is expected to drive innovation and growth within the industry, ultimately contributing to the overall development of India’s economy.