Investor Kushal Bhagia backed Commerce Minister Piyush Goyal’s concerns about India’s lack of deep-tech startups, noting that less than 10 of 400 monthly startup pitches focus on deep tech. Bhagia highlighted brain drain and absence of local role models as key challenges. While defending service startups like delivery apps for their operational excellence, he agreed India needs more ambition in deep tech. Examples like PixxelSpace and PierSight showcase potential, but Bhagia stressed the need for a Flipkart-like wave to inspire deep-tech founders. Despite progress in sectors like AI and space-tech, India’s deep-tech ecosystem still lags globally, requiring stronger R&D and funding support
Source : Business Today
DEEP-TECH DISASTER: India's Startup Scene Exposed—Less Than 10 Out of 400 Startups Make the Cut!