Indian deeptech funding to cross $5 billion mark over next 5 years: Report

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India’s deep tech funding is set to reach over $5 billion on an average in just five years, said Ravi Jain, investment director of venture capital firm TDK Ventures, while releasing a report on the outlook of the country’s deeptech industry.

“Over the last few years, the investment in the deeptech sector in India has been approximately $1.5 billion, on average,” said Jain. “We believe that this should be over $5 billion in just five years time.”

TDK Ventures, a subsidiary of TDK Corporation, in partnership with early-stage investing firm



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Indian deeptech funding to cross $5 billion mark over next 5 years: Report



India’s deep tech funding is set to reach over $5 billion on an average in just five years, said Ravi Jain, investment director of venture capital firm TDK Ventures, while releasing a report on the outlook of the country’s deeptech industry.

“Over the last few years, the investment in the deeptech sector in India has been approximately $1.5 billion, on average,” said Jain. “We believe that this should be over $5 billion in just five years time.”

TDK Ventures, a subsidiary of TDK Corporation, in partnership with early-stage investing firm



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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