Mid-tier VCs scout deeptech deals; ETSA winner Varaha’s India play
Happy Monday! Sector-agnostic mid-tier venture capital investors are recaliberating focus on India's deeptech startups. This and more in today’s ETtech Morning Dispatch.
Mid-tier venture capitalists are shifting their focus towards deeptech startups in India, according to the latest ETtech Morning Dispatch. Established firms like Antler and Bertelsmann India Investments are increasingly evaluating and investing in these innovative companies. In 2026, deeptech startups raised $574 million across 61 deals, a significant increase from 2025's $679 million invested in 94 deals.
Several startups have recently secured accolades, including Varaha, a Gurugram-based company working on carbon-removal projects, winning the Social Enterprise category at The Economic Times Startup Awards 2026. Varaha's CEO, Madhur Jain, highlighted the growing carbon credit market in India, with over $8 billion in global contracts last year alone.
Additionally, Indian space technology startups are exploring new markets, particularly Japan, as geopolitical shifts drive countries to diversify their partnerships and supply chains.
Written by urgent.news from Economic Times Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
