Infosys co-founder Kris Gopalakrishnan says Indian deep tech startups are getting more venture capital to back startups that already have a working lab prototype and need capital to build a product for customers, but there's a catch: early investors often have to wait over a decade to exit.
He believes India needs more acquisition deals so investors can cash out before IPOs, making the whole startup journey quicker and smoother.
Indian companies warm to buying tech
Gopalakrishnan points out that Indian companies are finally warming up to buying tech instead of building everything themselves.
He suggests teaming up with private equity or using debt financing for these deals.
While government and philanthropies still back early research, he adds, "We need to create a robust ecosystem for M&A. Existing companies should be open to M&A."