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The Unicorn Revolution: Fintech Start-ups in the Indian Market

Issue Abstract

Abstract
The landscape of financial technology (Fintech) in India has witnessed a remarkable transformation in recent years. This article sheds light on the history, occurrence, and influence of fintech unicorn start-ups in the country, highlighting their major role in reshaping the financial sector. The growth of fintech unicorns in India has had a profound economic impact. They have attracted substantial investments, generated employment opportunities, and increased financial inclusion. Their innovations have driven competition in the financial sector, resulting in better services and lower costs for consumers. This article delves into the captivating journey of Fintech Unicorn start-ups in India, examining their historical roots, growth trajectories, and current standings. With a focus on the 24 pioneering fintech companies operating in the Indian market, this study offers a panoramic view of their contributions to the financial sector, innovation, and economic development.
Keywords: Fintech, Soonicorns, Substantial investments& Unicorn Start-ups


Author Information
J. Sneha Jayalakshmi,
Issue No
9
Volume No
2
Issue Publish Date
05 Sep 2023
Issue Pages
48-57

Issue References

References
1. https://beinsure.com/ranking/biggest-fintech-unicorn-startups-in-world/#:~:text=FinTech%20unicorn%20describes%20startups%20that,more%20than%20USD%20135.9%20billion.
2. https://www.analyticsinsight.net/top-10-fintech-unicorns-by-market-valuation-in-2023/#:~:text=The%20fintech%20industry%202023%20is,technology%20to%20revolutionize%20financial%20services.

3. https://inc42.com/features/fintech-unicorns-in-india/#:~:text=The%20story%20of%20fintech%20unicorns,became%20India's%20first%20fintech%20unicorn.
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6. https://assets.ey.com/content/dam/ey-sites/ey-com/en_in/topics/consulting/2022/ey-winds-of-change-india-fintech-report-2022.pdf?download
7. https://inc42.com/buzz/fintech-produce-highest-number-unicorns-india/
8. https://www.moneycontrol.com/news/business/startup/upstoxs-valuation-to-soar-to-3-3-5-billion-with-new-funding-round-led-by-tiger-global-7762931.html