“There are VCs in India who want to invest in deeptech, but at the time they come into these companies, its too late. They need to make progress in their first 2-3 years of existence,” said CS Murali, chairman, STEM Cell at the Foundation for Science, Innovation and Development at IISc Bangalore, explaining why they’re launching their own fund. “There’s no other way to fill this gap. Companies that have raised money quickly are the exception, not the rule.”
Mint Explainer | Why India’s top engineering schools are launching their own VC funds
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