The development comes as the COVID-19 pandemic has “diminished investment appetite in fintech start-ups,” especially in China. Start-ups in India attracted US$330 million, compared to US$270 million in China in the Q1 2020.
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India has eclipsed China as Asia’s top venture capital investment destination, although analysts are unsure if the change will stick. So reports the South China Morning Post.
The development comes as the COVID-19 pandemic has “diminished investment appetite in fintech start-ups,” especially in China. Start-ups in India attracted US$330 million, compared to US$270 million in China in the Q1 2020.