Deep tech set to capture 25-30% of VC funding in 2-3 years time

Deeptech investments, which currently account for just 10-15% of venture capital allocation in the country, are expected to triple their share to 25-30% within the next 2-3 years, rivaling consumer tech and fintech in investor mindshare, Accel founding partner Prashanth Prakash said on Tuesday.

“After all that urban convenience driven activity of delivering things in 10-15 minutes, I think the ecosystem recognises it’s time to build some complex intellectual property driven and engineering led businesses,”