VCs moving into deeptech as India’s startup space matures: Zerodha’s Nithin Kamath

Indian venture capital firms are now backing startups with challenging, complex solutions. This shift follows the maturation of the country’s startup ecosystem. While venture capital investment saw a slowdown in the third quarter of 2025, the nation reported a strong performance in exits. Valuations reached a seven-year high. Investors are prioritizing profitability and cash flow for capital market exits.