Global venture capital firm QED Investors plans to deploy $250–300 million in India over the next two fund cycles, with a sharp focus on embedded finance, wealthtech and artificial intelligence, its Managing Partner Nigel Morris told CNBC-TV18.
“We’re really excited about India… we’re very long on India,” Morris said, adding the firm has already made eight investments in the country over the past five years and sees “tremendous opportunity”.
The investment thesis aligns with QED’s India Field Notes 2026, which expects AI spending in financial services to double this year and highlights fraud risk, agentic applications and voice AI as key themes. Morris said India has shifted from “a market of promises to a market of consequences”, with startups now achieving product-market fit and demonstrating viable unit economics.
He pointed to rising affluence and a 140-million-strong income cohort as a core driver, while noting that a broader population is steadily entering formal financial systems, expanding the long-term opportunity set.
First Published: Mar 30, 2026 9:34 PM IST
