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Indian VCs Want to Invest in Deep-Tech Startups Despite Govt Skepticism
- Indian venture capitalists are now showing interest in deep-tech startups focusing on hardware, AI, robotics, and space infrastructure, challenging the traditional focus on app development and IT services.
- At Startup Mahakumbh 2025, there was a debate sparked by the emphasis on shifting from convenience apps to deep-tech innovations by commerce minister Piyush Goyal.
- Investors like Kushal Bhagia defended their deep-tech investments, highlighting India's global competitive edge in this sector.
- Venture capital firm Seafund has been investing in startups across semiconductors, space tech, and AI-powered health tools, promoting a shift towards foundational technological innovations.
- India has seen a shift in its deep tech landscape, with startups emerging in sectors such as defence, computing, and space technologies, expanding beyond mobile apps and payment systems.
- Venture capitalists in India are not only providing funding but also guiding founders, building connections, and offering technical support to startups, contributing to the growth of deep-tech startups.
- A change in mindset among investors and founders, coupled with access to mentorship and capital, has allowed for riskier and more technical investments in deep tech startups.
- AI is evolving as a foundational element in startups, with lean, AI-native structures and AI integration in various sectors beyond core tech companies.
- Seafund is actively investing in deep-tech sectors such as energy, automation, and robotics, addressing challenges in India's dependence on imports and labour transitions by driving innovation in these spaces.
- Seafund's portfolio includes startups like TakeMe2Space in space tech, Calligo Tech in compute infrastructure, and Consint.ai in health tech, showcasing the diverse applications of deep tech in India.
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