L&T Innovation Fund to step up deeptech bets in India
New Delhi, Aug. 9 -- The L&T Innovation Fund, the corporate venture capital (CVC) arm of Larsen & Toubro, is turning its attention to India's deeptech startup ecosystem after having spent most of its time investing abroad, according to a top executive.
"We've begun setting up the groundwork to help us get more comfortable with the Indian tech ecosystem," said Sushma Kaushik, head of L&T Innovation Fund told Mint.
Kaushik spoke on the sidelines of the Indian conglomerate's Manthan event held on Friday, where the company showcased technologies from 21 drone startups across defence, infrastructure, logistics and public services.
The fund's interest in Indian deeptech comes as investor appetite for Indian deeptech has strengthened amid gov...
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