Business StandardCenter·
No irrational valuation rush in deeptech, says Piper Serica Director
India's deeptech startup ecosystem is not showing signs of valuation "irrationality" or a funding frenzy, and valuations remain grounded even as high-quality investment opportunities emerge, according to investment firm Piper Serica's Director Ajay Modi. Global capital is only gradually flowing into the deeptech ecosystem, while geopolitical uncertainty has kept excess liquidity from chasing risk assets, he said. "In the deeptech ecosystem that we are talking about today, we do not have that ir…
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