Sequoia Capital sees Indian financial firms' value soar to $2.5 trillion

US-based private equity investor Sequoia Capital expects valuations for India’s financial services providers to more than treble to $2.5 trillion by the end of this decade, with fintech firms grabbing a fifth of that pie as global investors line up to buy a slice of the fast-growing sector.

Valuations for India’s fintech companies should jump 10 times to $500 billion by 2030 as the traditionally underbanked South Asian nation witnesses the highest digital adoption globally with retail online transactions growing five-fold in the last two years.

“That’s the opportunity -- 10 times in nine years, that’s what is exciting,” said Ishaan Mittal,