Source: HDFC Securities report dated December 17, 2020
And to ride this internet growth of India, here are the sectors that Indian VCs are betting on in 2021.
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Edtech will continue to shine
2020 was the year of edtech in India. With schools and colleges shut due to the COVID-19 pandemic, India’s educational technology startups stood at the forefront of online transition of schools. In 2020, edtech startups raised a total of $2.2 billion, and VCs believe that the money will continue flowing into the sector.
Fintech is the next big bet
As the internet penetrates India s hinterlands, the adoption of digital payments, financial tech instruments will increase across the country. And VCs believe that fintech cos will drive the growth. If 2020, the year of the pandemic, was all about edtech and health tech, 2021 will be the year of Fintech in India. Consumers and businesses alike have made substantial changes to the way they lead their lives and businesses and set new