Deeptech to account for up to one-third of VC funding in India: Accel's Prashanth Prakash
Deeptech could account for as much as a third of venture capital (VC) allocations in India over the next two to three years, said Prashanth Prakash, partner at Accel.
“Deeptech is currently about 10-15% in many funds. I predict it will rise to about 25-30% and be as big as consumer tech or fintech in the next two to three years. The wellness and longevity category is still very nascent," he added while speaking at a panel discussion at the Bengaluru Tech Summit on Tuesday.
“Deeptech is currently about 10-15% in many funds. I predict it will rise to about 25-30% and be as big as consumer tech or fintech in the next two to three years. The wellness and longevity category is still very nascent," he added while speaking at a panel discussion at the Bengaluru Tech Summit on Tuesday.
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