India’s deep-tech funding shift: Patience, patents, and big bets

Undeterred, Vempati, founder of the Hyderabad-based deep-tech startup Makers Hive, turned to strategic angel investors, doctors, hospital heads and industry insiders, who understood the problem and the patience it would take to solve it. It took years for venture capital to come calling. A few months ago, Makers Hive finally raised its first VC-backed bridge round of ?10 crore from Silverneedle Ventures and is in talks to raise a Series A between March and May. The shift in mindset is evident. “Now, nobody is talking about timelines. The questions are about patents, IP and what technology you are building. Earlier,…