💡 L&T fund eyes deeptech scene in India
L&T Innovation Fund is now focusing its attention on India's deeptech startup ecosystem after mostly investing globally. The corporate venture capital arm is setting up groundwork to become more comfortable with Indian tech, which is being boosted by government support for indigenous tech. Since 2023, Indian deeptech funding hit $901 million across 468 deals, showing investor interest is growing. The fund plans to back Indian startups earlier at TRLs 4 or 5, unlike its previous overseas targets. This move aligns with L&T's interest in AI, green energy, and industry 4.0. 🚀