QED to deploy $300 Mn in India and APAC startups: Report

QED Investors, a US-based venture capital firm, is planning to deploy between $250 million and $300 million in early and growth-stage startups across India and the Asia Pacific region, according to an ET report. 

The firm, which closed a $925-million fund in 2023, will focus primarily on fintech ventures, with India expected to receive a significant share of the capital. 

Sandeep Patil, partner and head of Asia at QED Investors, told ET that there is no fixed regional allocation, but India remains a key market. Other regions under consideration include Indonesia, Singapore, Japan, and additional Asia Pacific countries.

Founded in 2007 by Nigel Morris, cofounder of Capital One, QED has backed global fintech players like Credit Karma, Remitly, NuBank, and Klarna. Patil also mentioned a growing focus on embedded finance and artificial intelligence applications in financial services. 

Over the past five years, QED Investors has invested around $220 million in Asia. Its India portfolio includes early investments in firms such as Jupiter, OneCard, Upswing, and Efficient Capital Labs. In December, the firm led a $25-million funding round in OneCard. 

According to Entrackr, India-focused venture capital firms have raised over $4.2 billion till April, 2025, with several large funds poised to bring in additional capital for deployment over the next few months. Meanwhile, startups have secured $4.4 billion in funding in 2025 to date, a figure that remains relatively unchanged compared to previous years.