Indian payments firms raised $5.8 bn in last five years
Indian payments firms raised $5.8 billion across 371 funding rounds since January 2021, with CRED and PhonePe each receiving about $1 billion. Other significant recipients include Pine Labs at $641 million, Razorpay at $535 million, and BharatPe at $440 million, collectively accounting for 66% of the disclosed capital. This growth underscores the sector's expanding influence.