Deeptech seeing gap in growth capital, lack of domestic money

Over the past few years, funding for climate-tech has remained a small fraction of overall startup investments. Moreover, most of this funding has been directed toward early-stage companies, creating a gap in growth capital for startups looking to scale.

Less than 3% of startups have been able to reach Series B or beyond funding levels in India’s climate tech ecosystem, according to a report by IIMA Ventures and Japan’s MUFG Bank released last year.