India · Updated 18 Oct, 09:06 pm IST
VC remark that 'most deeptech is a grift' sparks debate in India
Why it matters for readers: Helps understand a current debate about whether to prioritise quick-return consumer startups or long-term deeptech investments.
- Anmol Maini, general partner at Untitled Ventures, wrote 'In a decade we will realize most of the deeptech is a grift.'1
- Maini's comment was a reply to an X post by Neosapien CEO Dhananjay Yadav about funding imbalances between quick-commerce startups and deeptech firms.1
- Dhananjay Yadav said his feed showed many consumer startups burning large amounts of capital while some deeptech startups generate more revenue with less burn but struggle to raise money.1
- VC Deedy Das responded that it is hard to categorically call deeptech a grift and explained the core funding problem is underwriting returns due to slow revenue, heavy capex and regulatory hurdles.1
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