India is amongst the fastest growing Fintech markets in the world. The overall transaction value in the Indian Fintech market is estimated to jump from approximately $65 bn in 2019 to $140 bn in 2023 with a CAGR of 20%.
Being the country which has the highest fintech adoption rate over the world, India has the 3rd largest Fintech ecosystem globally. Fintech remains the 2nd highest funded sector after ecommerce.
Global AgriTech market will grow at a CAGR of more than 18% during the forecast period 2019–2025. Indian Agri sector is growing by 25% year on year.
- Every 9th agritech startup in world is originating from India
- 1.7 x increase in average farmer income in last decade, enabling farmers to try new tech solutions
- 30% of indian agritech has global reach
- 48% agritech CEO's believe they have the next agritech unicorn in the coming three years
- Prime Minister's vision of doubling farmers’ income by 2022 and make India a $5 trillion powerhouse by 2025.
The global machine learning and AI market size is expected to grow at a CAGR 43% (2019 to 2025). Increased availability of data(450 million smartphone users), connectedness and computational power have allowed for major breakthroughs in machine learning, such as in neural networks and deep learning, heralding a new era of increased funding.
AI has the possibility to add $957 billion or 15% of the present gross value – to the Indian economy by 2035. Start-ups witnessed a 108% growth in financial India in 2018. Artificial Intelligence was among the domains that witnessed the fastest adoption among different industry sectors. 1998 to 2018, peer-reviewed AI research grew by 300%.
The world is going through an unprecedented crisis with COVID-19 and the global markets
have been thrown into a dizzy with unpredictability and uncertainty clouding their horizons. In this scenario, it is crucial for us to consider creating enterprises that will enhance the social fabric of our society by helping communities to combat problems like climate change, media and societal democratization, enable transparent elections,
accountable government services, efficient subsidiaries and financial inclusion amongst others.
In a country like India, it is imperative we build organizations from the bottom up that address these pressing issues. We at Kindle VC are very passionate about supporting such enterprises with financial and human capital. This is one of our key areas of interest for future growth where we can help drive social impact in an economically sustainable manner using our limited resources.