Goldman Sachs arm bullish on Indian financial tech startups - Feedback

With the Indian startup ecosystem growing rapidly, an arm of Wall Street investment bank Goldman Sachs said Tuesday it is bullish on the space and will be scouting to invest up to $10 million in domestic financial technology companies. Goldman Sachs Principal Strategic Investments (GSPSI), which invests from the bank’s balance sheet, has two ‘legacy investments’ in the country, including in NSE and NCDEX, its head Alokik Advani said.

While GSPSI continues to manage these investments, it is the new opportunities that the arm is excited about and is looking to invest between $2-10 million for a minority stake, he said, adding that it is in discussions with some companies. The announcement comes amid a focused thrust on developing the startup ecosystem, which has seen the government launch the ‘Startup India’ initiative.

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