With $4.5 billion in assets under management, the fintech-focused venture capital firm has more than 25 unicorns in its portfolio, including NuBank, Credit Karma and Sofi, and the firm is co-founded by Nigel Morris, who previously co-founded Capital One Financial Services.
In an interview with CNBC-TV18, Sandeep Patil, Partner and Head of Asia at QED Investors, highlighted that consumer-centric innovations remain a dominant theme for QED Investors. He believes that the consumption story in India is just beginning to unfold, indicating immense growth potential. “We believe that the consumption story in India is just beginning to explode,” he said.
Another key area of focus for QED Investors is embedded finance. Patil highlighted how financial services are becoming an integral part of various economic activities. “Embedded finance is about financial services becoming an integral part of all economic activities,” he explained.
Globally, Patil sees artificial intelligence (AI) as a revolutionary force comparable to the transformative impact of the Internet two decades ago. However, he cautions that while AI’s short-term effects may be overstated, its long-term potential remains vastly underestimated.
QED Investors operates with a global approach to capital allocation, with no geographic restrictions. Patil explained that the firm evaluates opportunities based on their individual merits rather than regional considerations.
This global investment strategy has seen QED make significant forays into the Indian market, with notable investments in startups such as OneCard, Jupiter, Upswing and Efficient Capital Labs.
Watch the attached video for the full conversation.
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