In a recent fireside chat, Shyam Menon, partner and co-founder of Bharat Innovation Fund, discussed the outlook of deep tech investment in India. Menon, a material scientist by training, has a rich background in startups, venture capital, and disruptive technology. He launched India’s first climate tech-focused seed fund, Infuse Ventures, in 2012 and later established Bharat Innovation Fund, India’s first deep tech-focused pre-series A and Series A fund, in 2018.
Menon shared his insights on the evolution of deep tech investment, noting that it takes a decade or two for technologies to become mass-market scale. He also highlighted that India’s strengths lie primarily in software, with many startups focusing on machine learning, Internet of Things (IoT), and AI. Menon emphasized the importance of strong IP-led innovation in the deep tech sector.
