Following nearly a decade of unprecedented growth, the country’s fintech companies are struggling to justify their high valuations and establish successful businesses.
This is the sixth piece in a series in which The Morning Context delves deep into sectors where the Indian venture capital hypothesis has fallen short of expectations.
Over the last two decades, VC firms of all sizes have marketed the India story to a wide range of institutional investors throughout the world. Several sectors, including e-commerce and education, as well as real-money gambling, classifieds, and short video, have been combined to form the persuasive proposition that a billion-strong Indian market is primed for consumption, technological disruption, and wealth generation.
