The glut glut TechCrunch Inside the US’ epic first-quarter venture capital results Read more in the global risk capital supply has venture capitalists pouring money into new and follow-on investments. Unsurprisingly, the gust of eye-popping valuations has swept swept Economic Times 4 days, 6 unicorns, $1.55 billion — A week like none other for Indian startups Read more through consumer tech companies.
Do we need a Tiger Global to back India’s deep-tech race, not just the horse?
Inflexor Ventures has closed its US$67 million Fund-II, in half the time it took to close its first fund. There’s more Indian money for deep tech today than ever but is that enough to back all horses—from spacetech to semiconductor, electric vehicles to augmented reality—or do we need the likes of Tiger Global to shake up the game?
For years, Indian deep tech companies have had to rely on the benevolence of government grants and their contributions to fund of funds for survival
Today, a small but growing number of deep tech-focused VC funds are looking to breathe life into the space and take it to new heights
Despite the increased attention, however, the number of deep tech startups is growing faster than the funding ecosystem. With long gestation periods unlike B2C startups, deep tech is a harder sell
Perhaps if the likes of Tiger Global, the hedge fund known for backing the race and not just horses, invested in the sector, it could decisively turn the tide for India's deep tech space