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India’s BankTech sector expected to attract USD 1 billion investment by 2027: Cedar-IBSi Capital

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India's BankTech sector expected to attract USD 1 billion investment by 2027: Cedar-IBSi Capital

Venture capital fund Cedar-IBSi Capital announced that investments in India’s BankTech sector are projected to reach USD 1 billion by the end of 2027. As India aims to achieve its USD 7 trillion gross domestic product (GDP) target by 2030, the banking sector is expected to play a pivotal role in driving economic growth.
“Investment in India’s BankTech sector is projected to reach USD 1 billion by the end of 2027,” the company stated.
Digital transformation
Cedar-IBSi Capital Founder and Managing Partner Sahil Anand highlighted how the technological revolution is transforming banking services in India, moving core functions towards digitization.
“Research indicates that about 80% of traditional banking services can now be performed digitally,” Anand said, emphasizing technology’s critical role in promoting financial inclusion and extending banking services to underserved regions.
Emerging technologies reshaping the sector
Anand also pointed out the transformative impact of cloud computing in the banking industry, offering scalability, agility, and cost-efficiency for banking infrastructure.
Additionally, he noted that blockchain technology is increasingly enabling secure and transparent transactions, revolutionizing areas such as supply chain finance and identity management.
Cedar-IBSi Capital’s strategy
Cedar-IBSi Capital, a Rs 240-crore fund, has already made two investments in the BankTech sector and plans to expand its portfolio to 10–15 early-stage startups in the coming years.
“There is an intensified focus on financially strengthening 8–10 high-performing enterprises within the banking technology ecosystem,” the company added.





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