Corporates cool on deeptech investments due to longer time to market

Indian corporate investors appear to be losing their appetite for deeptech startups, with their participation in funding rounds dropping to a five-year low, in a setback to the country’s ambition to become a major power in areas like quantum computing, biotech and robotics.

Of the 192 funding rounds reported in the sector so far this year, corporates participated in just 62, according to data from market-intelligence platform Tracxn. Their participation has been sliding steadily from 167 rounds in 2021 to 128 in 2024, marking a 10% year-on-year…