With deep tech investments dipping, industry leader emphasise the need for patience and strategic support to unlock India’s innovation potential
In the recent past, a sharp decline in investment in the deep tech sector has raised concerns across the startup ecosystem. Funding for deep tech startups decreased from USD 3.7 billion in 2022 to just USD 850 million in 2023, as per a report by Nasscom.
This trend has cautioned the entrepreneurs as the frenzy trend of the pandemic era ghosted and a bed of thorns is waiting for their route to fundraising with a more cautious approach driven by inflation and economic uncertainties, even for investors to invest.
- October 16, 2024