Spurt in investments in deep technology startups
Owing to an increase in demand for niche products and platforms, higher technology expertise, global ambitions and more availability of ‘patient’ capital, VC firms have increased their investments in deep technology startups. According to Tracxn, a startup data tracking platform, investments worth US$ 697 million, spread across 115 rounds, have been made in deep tech startups so far this year. In 2018, funding worth US$ 832.16 million was provided; while in 2017, US$ 355 million was invested.
“There is capital that is willing to take risks and fund, and these are not just Indian investors — includes Japan, China, Europe or South East Asia, US,” said Sateesh Andra, Endiya Partners.